Shifting Gears Keith Martin
Predilections and Predictions
torched the 1991 market, with prices skyrocketing out of control and
then plunging.
Instead, we saw a steady climb in values with, for instance, Daytonas
going from $85k to $150k to $225k to $300k—and then they stopped.
The market crashed globally. Banks, insurance companies, and car
companies went bankrupt worldwide. Credit became impossible to
get. Housing values fell off a cliff. And collector car prices were swept
along in the ebbing tide.
Sifting and sorting
Throughout the past year, here at SCM world headquarters we've
gone over the results of each auction and have come away with several
conclusions. First of all, cars are still selling. While overall sales
amounts may be down—by as much as 40% in some cases—the actual
sell-through rate of the cars hasn't changed dramatically. This means
there are still willing buyers, and when they encounter a seller who has
adjusted his expectations to meet the current market, a deal is done.
Contrast this to the housing market, where a six-month supply of
Monterey, here we come
J
uly is an oddly quiet month in the collector car world. While
there are auctions going on, vintage car shamans are still picking
apart the results of the RM Maranello ($28.4m), Bonhams
Monaco ($6.2m), and Mecum Indy ($33.6m) sales.
And through those results, they are attempting to cast their stones
and predict what will happen in Monterey. Questions are many. Is no
reserve the way to go, as the collective buying power of the crowd will
be great? How many 4-cams is too many 4-cams, spread over all the
auctions? Are second-tier collectibles like Maserati 3500 GTs going to
hold strong, or will they begin to sink back into the murky obscurity
they inhabited for nearly two decades?
While no one can predict these things with certainty, there are some
things that set this dip in the market apart from the crash that came in
1991.
First and most important, collector cars are not alone in their price
adjustments. In 1991, the collector car market zoomed Damien Hirstlike
to stratospheric levels; when it crashed, other segments of the
global financial and real estate markets stayed strong.
This time, collector cars are lumped into the global recession—we're
all in this together. Hemi 'Cudas are down, and so is the value of your
home, your stock portfolio, your vacation home, your boat, your plane,
and probably even your Golden Retriever, if you tried to sell him on
Craigslist.
The Italian Emperor has no clothes
In 1991, the excesses of speculators were harshly punished when
someone finally had the courage to say that 1985 Testarossas were not
worth $250k. Or Daytona coupes $1m. Or even Fiat Dino coupes $85k.
When standard indices of collectibility (rarity, beauty, performance,
historical significance) were applied to these cars and others like them,
they fell short in one or many ways. Eventually their prices plummeted,
and collectors once burned, twice shy, stayed away from vintage cars
as an investment for decades.
We all agree that about five years ago, the market began its most
recent rise. But perhaps through dumb luck, the global recession hit
the car market before it had a chance to enter the ritual fire dance that
unsold homes is not uncommon. Or the new-car market, which appears
to have dropped in half, in terms of sold units.
We'll quickly skip over the obvious; great cars are continuing to
bring record-breaking prices, as the rich are still rich and one-of-a-kind
cars with huge provenance are still just that. But for every 250 TR that
sets a record, there are a host of Healey 3000s, Porsche Speedsters, and
Alfa Sprint Veloces that can't match the prices they made two years
ago. But unlike many other markets such as commercial real estate or
even contemporary art, there is still a strong market for these lesser
cars—they are just being purchased more thoughtfully by collectors
who have a clear sense of what they want, what condition they are looking
for, the intended purpose of the new acquisition, and what they
want to pay.
All of the above is simply a way of saying that we believe Monterey
will see a good sell-through this year, somewhere in the 70% rate overall,
that stellar cars will ring the bell and set new records, but that overall
totals will probably be about where they were last year ($139m). In
any other market, that would be considered a great success. Therefore,
we believe the collector car market has gone through its adjustment,
that the current prices are the new prices, and we foresee economic
stability for our industry for the remainder of 2009.
The fun stuff
As we've said before, one of the advantages to collector car owner-
ship vs. possessing a stock portfolio is that you can actually take your
four-wheeled investment out for a spin. In fact, the great majority of us
in this hobby, and especially the readers of this magazine, are in this for
the fun first and the money second.
For those of us who live in four-season climes, this is the time to
forget price guides and market reports, and get out on the road.
My wife Wendie and I just returned from the four-day, 1,000-mile
annual Porsche “Northwest Passage” rally, and not surprisingly, our
nine-year-old Boxster S performed flawlessly. As an investment case in
point, its market value has fallen off a cliff since we bought it last year,
perhaps to the tune of 40%. But as we already own the car, the loss isn't
manifesting itself in our lifestyle, and the value of the car doesn't bear
any relation to the enjoyment we derive from it. Would we like it better
if its market price were going up? Perhaps. But we don't like it any less
because it isn't. ♦
8
Sports Car Market

Page 8

Crossing the Block Jim Pickering
For more information about events marked with (*), see our exclusive 84-page Monterey Insider's Guide Supplement, polybagged with this issue
Jag XK 140MC at RM Meadow Brook
RM Auctions—
Vintage Motor Cars of Meadow Brook
Where: Rochester, MI
When: August 1
More: www.rmauctions.com
Last year: 87/102 cars sold / $9.7m
Returning to the grounds of
Oakland University in Rochester,
this annual event will again take
place alongside the Meadow
Brook Concours d'Elegance,
which this year is celebrating
its 30th anniversary. The auction
will feature a number of
American classics as well as vintage
machines from around the
globe, including a 1939 Packard
Twelve Collapsible Touring cabriolet
by Brunn, a 1930 Cadillac
V16 7-Passenger limousine, a
1934 Chrysler Airflow Eight CU
coupe, and a 1956 Jaguar XK
140MC roadster.
Silver Auctions—Hot August Nights
Where: Reno, NV
When: August 6–9
More: www.silverauctions.com
Last year: 537/811 cars sold /
$13.4m
Hot August Nights is touted
as a celebration of the American
automobile culture of the '50s
and '60s, and last year saw over
800,000 people and over 5,000
registered cars flock to the
Reno-Sparks area, making it the
largest managed celebration of
hot rods, customs, and nostalgic
10
cars in the U.S. Silver's auction
will again take place in the
Reno-Sparks Convention Center,
with 900 cars slated to cross
the block. Early consignments
include a completely restored
1965 Oldsmobile 442, a 1966
Chevrolet Chevelle SS 396 convertible,
a 1967 Plymouth GTX,
and a 1969 COPO Camaro with
GM documentation.
MidAmerica Auctions—Vintage
Motorcycle Auction and MarketPlace*
Where: Pebble Beach, CA
When: August 14–16
More: www.midamericaauctions
.com
The Pebble Beach Concours
d'Elegance has invited motorcycles
to appear on its show field
for the first time in 59 years, and
MidAmerica has been invited
to hold an auction of select
motorcycles alongside the event.
Expect an array of high-end
examples from Brough Superior,
AJS, Ariel, BMW, BSA, Ducati,
Harley Davidson, Honda, Indian,
MotoGuzzi, MV Augusta,
Norton, Triumph, and more.
RM Auctions—Sports & Classics of
Monterey*
Where: Monterey, CA
When: August 13–15
More: www.rmauctions.com
Last year: 147/172 cars sold / $44.1m
Now in its 24th year, RM's
flagship Monterey auction will
return to the Portola Plaza
in downtown Monterey, and
headlining this year's event is a
1952 Jaguar C-type sports racer
driven by Phil Hill to claim the
first North American racing
victory for the model. Ferraris
will also be well represented,
including a 1952 225 Sports
Vignale Berlinetta that finished
8th overall in the 1953 12 Hours
of Sebring, and a 1931 Miller
V16—the only V16 Miller racer
ever built—will be offered
alongside a re-creation of Frank
Lockhard's land speed record
1927 Miller 91 racer. A group
of no-reserve offerings from
the Nick Alexander Woody
Collection will have their own
dedicated evening on the block
on August 13, with examples
including a 1932 Ford wagon, a
1946 Mercury Sportsman, and a
1948 Ford Sportsman.
at the Marriott*
Where: Monterey, CA
When: August 13–15
More: www.russoandsteele.com
Last year: 72/152 cars sold / $9.1m
Around 150 consignments are
Russo and Steele—Sports and Muscle
expected at Russo and Steele's
9th annual Monterey event,
including European sports cars,
American muscle, customs,
hot rods, and classics all of-
fered in Russo's trademarked
nightclub-like over-the-top style.
Headlining this year's event is
a fully restored 1960 Ferrari
250 GT PF Series II cabriolet, a
1960 Facel Vega HK500, a 1969
Trans-Am Camaro Z/28 raced
by Jerry Petersen, a 1964 Shelby
Cobra, and the Greenwood
Corvette racer known as “The
Spirit of Sebring '75.”
Bonhams & Butterfields—
The Quail Lodge Sale*
Where: Carmel, CA
When: August 14
More: www.bonhams.com
Last year: 44/77 cars sold / $21m
Headlining this year's Quail
Lodge sale is the ex-Works
Team 1939 Auto Union D-type
Grand Prix racer, verified to be
chassis number 19, which was
campaigned by Auto Union
factory team drivers Hans Stuck
and Rudolf Hesse to placing finishes
throughout the 1939 Grand
Prix racing season. It's the only
proven surviving Grand Prix car
of its type with 1939 racing history,
and it's thought to be worth
upwards of $8m. A select group
of no-reserve cars from the
Sidney H. Craig Collection will
also be offered, including an armored
1930 Cadillac Series 452
V16 thought to have been used
by Al Capone and the ex-William
Boyd “Hopalong Cassidy” 1933
Sports Car Market

Page 9

Duesenberg Model J Torpedo
Victoria convertible with
coachwork by Rollston.
Kruse International—Monterey 2009*
Where: Monterey, CA
When: August 14
More: www.kruse.com
Last year: 18/60 cars sold / $744k
Held in conjunction with
Concorso Italiano, which has
now moved from the Marina
airport to the grounds of the
Laguna Seca Golf Ranch, this
sixth annual event will feature
an assortment of exotics, classics,
American muscle cars, and
European sports cars. Last year's
event saw a number of cars sell
at under $50k, making it a great
place to go to find some of the
more affordable consignments on
the peninsula.
Mecum Auctions—
Mecum at Monterey*
Where: Monterey, CA
When: August 15
More: www.mecum.com
The Hyatt Regency Resort
& Spa will host this first-time
Mecum sale, with 150 cars
expected to cross the block.
The cars will be displayed
outside, with the auction itself
taking place within the Hyatt's
10,000 square-foot ballroom.
Consignments include a 1973
Ferrari 365 GTB/4 Daytona
Spyder, a 1963 Corvette racer
driven by Delmo Johnson, a 1965
Rolls-Royce Silver Shadow, and
a 1940 Packard Darrin Super 8.
Gooding and Company—
The Pebble Beach Auction*
Where: Pebble Beach, CA
When: August 15–16
More: www.goodingco.com
Last year: 115/141 cars sold /
$64.8m
Gooding has had the highest
auction totals on the Monterey
peninsula for the past two years
running, with 2007's event
bringing $61m and last year's
sale totaling nearly $65m, and
all eyes will be on the company
as it tries for a third record-setting
event. Featured this year
is an original unrestored 1938
Bugatti Type 57C built as a
birthday gift for Ettore Bugatti
by his factory employees and
considered to be one of the most
significant Bugattis in existence.
It features one-off coachwork
thought to have been penned by
Jean Bugatti, and it'll be offered
without reserve. The Don Lyons
Collection of seven historic
American racers will also be
sold at no reserve, including
the Denny Hulme 1967 AAR
Gurney Eagle, Mario Andretti's
1985 Lola T900, and the Jim
Hurtubise 1966 Gerhard-Offy
Indy car.
Carlisle Auctions—
Corvettes at Carlisle
Where: Carlisle, PA
When: August 28
More: www.carlisleauctions.com
Last year: 28/80 cars sold / $708k
Corvettes at Carlisle is one
of the largest all-Corvette events
of the year, and this third annual
auction will feature around 100
consignments ranging from
early C1s all the way through
late-model C6s. Last year saw a
number of different price points
represented, and examples
ranging from grassroots projects
all the way through NCRS
Top Flight cars can again be
expected. ♦
Auction Calendar
All dates listed are current at time of publication. Contact information for most auction
companies may be found in the Resource Directory at the back of this issue. Please confirm
dates and locations before attending any event.
Email auction info to: jim.pickering@sportscarmarket.com.
JULY
3—BONHAMS
Sussex, UK
4-5—SILVER
Jackson Hole, WY
10-12—KRUSE
San Jose, CA
11—COYS
Silverstone, UK
11—SILVER
Spokane, WA
11—VANDERBRINK
Iola, WI
12—SHANNONS
Sydney, AUS
13—ARTCURIAL
Deauville, FRA
17-18—BUD WARD
Denver, CO
17-18—MECUM
Des Moines, IA
18—BONHAMS
Oxfordshire, UK
18—COYS
Woodstock, UK
18—CHEFFINS
Cambridge, UK
18—ICA
St. Paul, MN
22—H&H
Buxton, UK
25—BONHAMS
Silverstone, UK
25—ICA
Birmingham, AL
25—KRUSE
Denver, CO
25—VANDERBRINK
Bolivar, MO
27-28—BARONS
Surrey, UK
AUGUST
1—KRUSE
Charleston, SC
1—RM
Rochester, MI
6-9—SILVER
Reno, NV
8—COYS
Nurberg, DEU
8—KRUSE
Verona, NY
8—VANDERBRINK
Kenosha, WI
13-16—MIDAMERICA
Pebble Beach, CA
13-15—RM
Monterey, CA
13-15—RUSSO AND
STEELE
Monterey, CA
14—BONHAMS &
BUTTERFIELDS
Carmel, CA
14—KRUSE
Monterey, CA
14—RMSC AUCTION
Evergreen, CO
15—MECUM
Monterey, CA
15—VANDERBRINK
Bagley, MN
15-16—GOODING
Pebble Beach, CA
22—CHEFFINS
Harrogate, UK
23—ICA
Deadwood, SD
28—CARLISLE
Carlisle, PA
29-30—CLASSIC
MOTORCAR AUCTIONS
Akron, OH
31—SHANNONS
Melbourne, AUS
SEPTEMBER
2-8—KRUSE
Auburn, IN
5—WORLDWIDE
Auburn, IN
5-6—SILVER
Sun Valley, ID
6—BONHAMS &
GOODMAN
Sydney, AUS
7-8—BARONS
Surrey, UK
11-12—BONHAMS &
BUTTERFIELDS
Tacoma, WA
11-12—COX
Branson, MO
12—CHEFFINS
Herefordshire, UK
12—MECUM
Canal Winchester, OH
12—ICA
Little Rock, AR
12—VANDERBRINK
Carrington, ND
16—H&H
Buxton, UK
19—ICA
Sioux Falls, SD
19—LEAKE
Houston, TX
19—MIDAMERICA
St Paul, MN
19—VANDERBRINK
Stauton, IL
23—BRIGHTWELLS
Herefordshire, UK
26—BONHAMS &
BUTTERFIELDS
Brookline, MA
26—ICA
Springfield, IL
26—RM
Los Angeles, CA
26—SILVER
Portland, OR
Delmo Johnson Corvette at Mecum
August 2009
11

Page 10

Inside Line Stefan Lombard Send news and event listings to insideline@sportscarmarket.com.
Event
Calendar
Jul 31-Aug 9—Hot August Nights (NV)
www.hotaugustnights.net
1-2—Schloss Dyck Concours (DEU)
www.schloss-dyck-classic-days.de
2—Meadow Brook Concours (MI)
www.mbconcours.org
3-12—Pebble Beach Motoring Classic
(WA/CA)
www.pebblebeachconcours.net
6-9—Northwest Classic Rally (OR)
www.nwclassicrally.org
7-9—All Triumph Drive-In (OR)
www.portlandtriumph.org
Nash-Healey at Meadow Brook
SCM News
■ Don't miss out on the eighth
annual SCM Monterey Insider's
Seminar, which will take place
Saturday, August 15, from 9
am to noon in the Gooding &
Co. Pavilion at Pebble. SCM
Publisher Keith Martin will host
“Time to Buy? Time to Sell?”
which includes a presentation on
the current state of the market,
followed by individual break-out
sessions with SCM experts. Visit
www.sportscarmarket.com/monterey2009
for more information.
Industry News
■ Superior Glass Works has
just released the limited-edition
Superior 54 Sport Wagon, which
is styled in tribute to the 1954
GM Motorama Corvette Nomad.
Each of the 25 cars comes as a
fully assembled rolling chassis,
ready for paint, interior, engine,
wiring, and any other personal
touches. Features of the Art
Morrison-built custom chassis
include power rack-and-pinion
steering, Corvette C5 front and
rear fully independent suspension
components, and choice of
a 6-speed manual or automatic
transaxle. For more information,
visit www.superior54.com.
Events
■ Join the 800,000 other
gearheads in Reno for a long
week Hot August Nights, which
descends upon the city in a big
way from July 31 to August 9. As
always, it's all about street rods
and hot rods, classics and muscle,
and all the cruisin', dancin', and
late-night partyin' you can stand.
Most events are free. www
.hotaugustnights.com. (NV)
■ The Meadow Brook
Concours d'Elegance is celebrating
its 30th anniversary
on August 2 in Rochester,
Michigan. As usual, the event
will showcase some of the finest
cars and motorcycles in the world,
including a rare 1953 Fiat 8V
Ghia Supersonic, twelve raucous
machines from the early years of
drag racing, a round-the-world
1911 Hupmobile, and examples
from each of the twelve RollsRoyce
Phantom series. Meadow
Brook also marks the North
American debut of a one-of-akind
1934 Alfa Romeo 8C 2300
boattail speedster. Tickets are
$25. www.mbconcours.org. (MI)
■ If Spyker is your car of
choice, then join company
founder and CEO Victor
Muller for the first-ever Spyker
Squadron California Raid from
August 9 to 12. The drive begins
in Beverly Hills and traverses
some of the state's most beautiful
roads, with Monterey as the final
destination. The event includes
first-class food and accommodations,
as well as the camaraderie
of fellow Spyker owners, all of
which is the perfect lead in to the
official launch of the new Spyker
C8 Aileron Spyder at Pebble
Beach on August 16. $4,500.
Contact Tim.McGrane@Events
InternationalCompany.com for
more information. (CA)
■ Pretty soon, we're going
Superior 54, retro-chic
12
to need to add more days to
August just to accommodate all
the events going on around the
Monterey Peninsula. This year,
Mecum and MidAmerica (motorcycles)
join the auction fray to
make a total of seven sales, while
La Dolce Vita and the SCMsponsored
Concours d'LeMons
(see what wins the “Worst of
Show Fright Pig Supremo”) become
the newest additions to the
concours schedule. All the art
and automobilia you love return,
as does some spectacular historic
racing. And of course there's the
SCM Seminar. How can all this
be legal? Read all about it in our
special 84-page 2009 Monterey
Insider's Guide, included with
this issue. (CA) ♦
9-12—Spyker Squadron California Raid (CA)
www.spykercars.com
11-12—Automobilia Monterey (CA)
www.automobiliamonterey.com
11—Carmel-By-The-Sea Concours On The
Avenue (CA)
www.motorclubevents.com
11-12—The Quail Rally (CA)
www.quaillodgeevents.com
13—Pebble Beach Tour d'Elegance (CA)
www.pebblebeachconcours.net
14—Concorso Italiano (CA)
www.concorso.com
14—La Dolce Vita (CA)
www.montereybayconcours.com
14—Pacific Grove Auto Rally (CA)
www.pgautorally.org
14—The Quail, A Motorsports Gathering (CA)
www.quaillodgeevents.com
14-15—Pebble Beach RetroAuto (CA)
www.pebblebeachconcours.net
14-16—Rolex Monterey Historic Races (CA)
www.montereyhistoric.com
15—Concours d'Lemons (CA)
www.concoursdlemons.com
15—8th Annual SCM Insider's Seminar (CA)
www.sportscarmarket.com/monterey2009
16—AFAS Exhibition (CA)
www.autoartgallery.com
16—Pebble Beach Concours (CA)
www.pebblebeachconcours.net
22—Morgan Adams Concours (CO)
www.morganadamsconcours.org
22-23—Masterpiece Concours (WI)
www.milwaukeemasterpiece.com
23—Geneva Concours (IL)
www.genevaconcours.net
26-30—Interauto 2009 (RUS)
http://interauto.auto-fairs.com
28-30—Corvettes at Carlisle (PA)
www.carsatcarlisle.com
30—Concours of the San Juan Islands (WA)
www.sanjuanconcours.org
Sports Car Market

You Write We Read
All letters are subject to editing. Please address correspondence to SCM, P.O. Box 4797, Portland, OR 97208.
Fax 503.253.2234, e-mail: youwrite@sportscarmarket.com
The shipping news
To the Editor:
I'm writing in response to
John Draneas's recent “Legal
Files” column (June, p. 30), which
consists primarily of a letter from
Nancy Rome about her shipping
experience for a vintage rally in
Italy.
My wife and I are the ones who
planned and produced this rally,
with the help of a very dedicated
couple of friends in Italy. As has
been the case for the past nine
years, we have done similar events
for a small group of about 60
friends as a “hobby business,” and
definitely not for the money. We
do it mainly because we all love
driving vintage sports cars, seeing
new scenery, and enjoying fine
food and wine. While Mrs. Rome's
experience was unfortunate, I
would like to mention a few points
of contention with her account as
printed in your magazine:
1) Our 2008 Tuscany Rallye
was our first outside of California,
and thus the first to involve overseas
auto shipping. We therefore
asked our Italian partners who
they would recommend to handle
the shipping of our cars at a
good price and reputation. The
company they found was based in
Genoa and had supposedly been
involved for many years with
shipping cars from all over the
world for the Mille Miglia into
Italy, and had been in business for
more than 100 years. It also had
an agent in Los Angeles.
In trying to be helpful to our
participants, we referred them to
this company (especially if they
knew of no others) to help with
their shipping arrangements.
Some participants were more
experienced than others in this
process, whereas others had no
experience and asked for more
help from me. In my after-thefact
trying to help out with the
Romes' problems, I found out that
the L.A. agent of the Italian shipping
company made at least two
mistakes, one involving a decimal
point error on the car's value,
making it appear to be exactly
10% of the actual value; and—according
to that same shipping
agent's explanation regarding the
Romes' friends' Mercedes—the
other problem came from a delay
in receiving a letter from the
16
All other cars this shipping company handled from the U.S.
arrived in Italy on time and were returned afterward
without a hitch
leasing company that owned
the Mercedes, which led to the
paperwork not being ready when
the car was containerized in L.A.
and then mistakenly sent by rail
to the port in Houston before
the paperwork was ready. This
created the initial U.S. Customs
delay of shipping for the two cars
sharing the same container she
writes about, which then meant
they were further delayed by
the hurricane that hit the port of
Houston at that time. Without the
hurricane, and even with the paperwork
delays, both of their cars
would have made it to Italy with
time to spare before the rally.
All other cars this shipping
company handled from the U.S.
arrived in Italy on time and were
returned afterward without a
hitch. Mistakes do happen—and
this time Mother Nature certainly
did not help out.
2) Regarding the Romes' lack
of a refund, as you can imagine,
when committing financially
to the planning of a week-long
event like a rally, the hotels and
restaurants involved require full
payment in advance for groups,
especially when the size of the
group means they have to turn
others away for that period. For
this reason, we (and all other
rallies I've been involved with)
have a clause in the application
that states that no refunds can be
given in the last 60 days before
the event. What Mrs. Rome failed
to say in her letter to “Legal
Files” was that after they declined
our offer to join us on the rally in
a rented car, we and our Italian
partners bent over backwards to
accommodate them at a later time
and applied their rally fees toward
lodging and meals in the same
first-class hotels we had stayed
at on the rally. We were under no
obligation to do so.
My wife and I felt very sorry
for what happened to the Romes
and their friends regarding their
shipping problems, but we did
everything in our power to try
to help, and then with our Italian
partners' support, to help with
their later tour through Italy,
which Mrs. Rome does say in her
letter that “they had a wonderful
time” in doing.—Jim Hull, via
email
To the Editor:
I am an attorney in New York
and Massachusetts and owner of
Globus Co., a transporter of highvalue
cars internationally (www
.globusco.com). I'd like to make a
few comments regarding the June
“Legal Files” piece in laying out
Nancy Rome's recent experience.
Mrs. Rome contacted me
after her car and another had been
shipped. She was very upset,
knew nothing about the status of
her car, and had learned she was
not going to make the rally. I gave
her some Italian contacts and a
plan for retrieving the situation.
Ultimately she went to
Europe and had a chance to enjoy
some of the occasion with her car.
She finally did get her car home
using the same shipper and agent
as on the first leg.
While the thrust of the piece
lays it largely on the rally organizers
and Customs, everybody
involved in this shipment got
spattered. The overall effect is to
strike fear in the hearts of all who
think about sending their cars
abroad.
This is not the way

Page 16

Ad Index
Aston Martin of New England ................41
Autobooks-Aerobooks ..........................125
Automobilia Monterey ..........................125
Autosport Designs .................................103
Barrett-Jackson .......................................57
BB One Exports ....................................109
Bonhams & Butterfields ....................23, 27
Branson Collector Car Auction ...............65
Brighton Motorsports ..............................89
Brookside Import Specialties ................119
Canepa .....................................................45
Carlisle ..................................................100
Cheetah Continuation Collectible ........105
Chubb & Son Inc. ...................................53
Classic Car Restoration ........................119
Classic Motorcar Auctions ......................77
Classic Showcase ..................................119
CMC Classic Model Cars .....................107
Cobalt Automotive LLC .......................131
Concorso Italiano ....................................55
Concourse d'LeMons ............................103
Cosdel ...................................................121
Driversource Houston LLC .....................67
European Collectibles ...........................121
Fairfield County Concours ......................71
Fantasy Junction ....................................105
FedEx Auto Transport .............................69
Ferrarichat.com .....................................121
Gooding & Company ................................2
Grundy Worldwide ..................................47
Gullwing Motor Cars, Inc. ....................107
Hagerty Insurance Agency, Inc. ..............73
Heacock Classic .....................................79
Heritage Classics .....................................75
Hilton Head Island Concours ..................43
Insider's Seminar ..................................118
Intercity Lines .........................................29
JC Taylor .................................................59
JD Classics ..............................................81
JJ Best Banc & Co ................................123
Juniors House of Color .........................125
Kidston ....................................................17
Kirkland Concours ..................................74
Kruse International ..................................85
L' art et L' automobile ...........................111
Mac Neil Automotive ..............................95
Meguiar's ................................................83
Mercedes Classic Center .......................132
Mid America Auctions ............................91
Miller's Mercedes Parts, Inc ................129
Mohr Imports, Inc. ................................111
Morris & Welford, LLC ..........................63
Paul Russell and Company ...................113
Poff Transportation ...............................129
Putnam Leasing .....................................113
Quail Lodge Resort & Golf Club ............87
Reliable Carriers .....................................93
RM Auctions .............................7, 9, 13, 15
Ron Tonkin Gran Turismo ....................115
RPM Autobooks ....................................125
Russo and Steele .................................39, 1
Silver Auctions ........................................61
Sports & Specialist Cars .......................115
Sun River Concours ................................97
Superior Glass Works ..............................21
Swissvax ...............................................109
Symbolic Motor Car Co ..........................19
The Stable, Ltd. .....................................101
Thomas Hamann ...................................121
Vintage Auto Collectibles .......................99
Vintage Rallies ......................................101
VintageAutoPosters.com .......................129
Watchworks ...........................................125
Worldwide Group ......................................5
18
things ought to go. In our case,
Globus's staff manage directly
every step of an international
shipment. This means picking
up the car from the owner in an
enclosed truck, taking it to our
warehouse on either U.S. coast for
preparation and loading in a container,
preparing and submitting
export documents to Customs,
obtaining transportation insurance,
shipping, offloading, and
managing import processes in
the destination country. It means
also keeping the owner, old or
new, informed at every step of
the way.
This is not to say that
everything goes off without a
hitch every time. But a hands-on
contact and 24/7 responsiveness,
plus a dense information stream
to the owner, keep glitches at a
minimum and anxiety away. Our
owners like that.—Bob Linville,
President, Globus Co., Inc., Old
Chatham, NY
No bull
To the Editor:
The next issue of SCM is
always eagerly anticipated around
here, and as usual, when June arrived
I flipped to Mike Sheehan's
column first (“Sheehan Speaks,”
p. 38), where he describes the
implosion of Orange County
Lambo dealer Vik Keuylian's
mini-empire. I take issue with
his ultimate conclusion that there
were “no winners here.” How
about the 54 lucky buyers who
paid “below wholesale” prices
for their vehicles at liquidation?
—Jan Jurnecka, Aptos, CA
Don't be so catty
To the Editor:
Just a few comments on your
casual damning with faint praise
short take on the Jaguar XF
(June, “Glovebox Notes,” p. 80).
When you have a 300-hp, 4.2-liter
V8 driving through a 6-speed
paddle-shifted ZF automatic, it is
indeed a fun ride. The EPA numbers
of 16/25 mpg are on par if
not superior to any other similarly
powered midsized performance
sedan. In actual experience in
normal driving, owners have been
reporting 16 to 20 mpg in town,
and up to 30 mpg at a 70–75 mph
cruise.
Nearly all the functions of
the touchscreen are duplicated
Included in this new magic is the latest
J.D. Power three-year ownership survey, which
had Jaguar (JAGUAR!) as the most
reliable car sold in the U.S.
in hard buttons either on the
dash or the steering wheel, with
the exception of the nav and
heated/cooled seats. There is no
annoying interface to go through,
i.e. iDrive, COMAND, etc. that
will be found on our Teutonic
competition. In addition, there is
Jaguar voice to verbally control
the climate system, the sound
system, and the navigation. What
you were lacking was a five-minute
orientation, which I would be
happy to offer you.
As to the styling, this is an
Ian McCallum design and is
derived from his earlier Aston
Martin coupes, as well as the
current Jaguar XK sports cars.
Please note the windshield and
rear window angles are identical
to those on the XK coupe; this
is essentially a four-door XK
from a styling standpoint. The
automotive press has been rather
unanimous in its praise of this
car, and it has garnered several
hard-to-achieve accolades, such
as making the Car & Driver
10 Best list (a first for Jaguar),
Automobile magazine's 2009 All
Stars list, plus winning outright
every comparison test in all
magazines that hold such things:
the Jaguar Supercharged vs.
Mercedes E550, BMW 550, Audi
S6, etc. in Motor Trend, Car &
Driver, and Edmunds.com.
The response from our
customers has also been
enthusiastic, bringing in an en-
tirely new generation of younger
car buyers who had never considered
a Jaguar. The only negatives
we have heard are from a few (not
many) traditional Jaguar owners,
and even they are finding the XF
growing on them. The 2010 XJ
will follow in this same design
theme, and being constructed of
aluminum will offer even greater
performance in a larger, more
luxurious package.
There is absolutely no sense
in “recapturing” the Jaguar
magic; rather, we are creating an
entirely new magic for the next
generation. Included in this new
magic is the latest J.D. Power
three-year ownership survey,
which had Jaguar (JAGUAR!)
as the most reliable car sold in
the U.S. An honor we share with
Buick, eclipsing Lexus for the top
spot.—Joe Silver, Monte Shelton
Motor Cars, Portland, OR
Errata
SCMer Brian Peters of San
Diego's Motoring Investments
notes that in our coverage of RM's
Ft. Lauderdale auction (May,
“Market Reports,” p. 80), we
incorrectly stated that lot SP10, a
1968 Mercedes 280SL, had sun
visors that were mismatched from
the rest of the upholstery. They
were mismatched, but they should
be. In fact, the 280SL visors should
match the hard top headlining, not
the interior, and they are always a
neutral pastel color. ♦
Sports Car Market

Page 18

Time Pieces by Alex Hofberg
Alex Hofberg
revolutionary.
revolutionary. So thought the Hamilton Watch
me Pieces by Alex Hofberg
revolutionary. So thought the Hamilton Watch
to
to create an identity for the world's first electric
Arbib believed the public was ready for bold,
e Pieces by Alex Hofberg
revolutionary. So thought the Hamilton Watch
to create an identity for the world's first electric
Arbib believed the public was ready for bold,
eir
eir new battery-powered engine. The tradition-
hief Physicist on the project, but an extravagant
known as the Ventura.
l than expected. The outrageous styling of the
ial and sideways on the lugs of the watch—apy
and Rod Serling.
gn work was begun in 1946, featured a balance
ng heartbeat like that of a traditional watch but
an electromagnet.
potentially marketable beta model, which was
ew that a number of improvements were needed
were developing their own electric watches and,
e Pieces by Alex Hofberg
revolutionary. So thought the Hamilton Watch
to create an identity for the world's first electric
Arbib believed the public was ready for bold,
eir new battery-powered engine. The tradition-
hief Physicist on the project, but an extravagant
known as the Ventura.
l than expected. The outrageous styling of the
ial and sideways on the lugs of the watch—ap-
y and Rod Serling.
gn work was begun in 1946, featured a balance
ng heartbeat like that of a traditional watch but
an electromagnet.
potentially marketable beta model, which was
ew that a number of improvements were needed
were developing their own electric watches and,
the
the first viable production model, known as the
s by Alex Hofberg
revolutionary. So thought the Hamilton Watch
to create an identity for the world's first electric
Arbib believed the public was ready for bold,
eir new battery-powered engine. The tradition-
hief Physicist on the project, but an extravagant
known as the Ventura.
l than expected. The outrageous styling of the
ial and sideways on the lugs of the watch—ap-
y and Rod Serling.
gn work was begun in 1946, featured a balance
ng heartbeat like that of a traditional watch but
an electromagnet.
potentially marketable beta model, which was
ew that a number of improvements were needed
were developing their own electric watches and,
the first viable production model, known as the
Production
Production Date:
1957–present, with constant
reissues
Best place to wear one:
At a classic car hop drive-in with a
“five dollar milkshake”
Ratings (
Rarity:
Durability: ½
Parts/Service Availability:
Cool Factor:
Web: www.hamiltonwatch.com;
www.hamiltonwristwatch.com
is best):
ved to be relatively accurate, the contacts were
ausing the watches to fail at an alarming rate.
available to train watch technicians around the
ques. That, combined with a high failure rate,
he watches in-house, rather than developing an
ime Pieces by Alex Hofberg
revolutionary. So thought the Hamilton Watch
to create an identity for the world's first electric
Arbib believed the public was ready for bold,
eir new battery-powered engine. The tradition-
hief Physicist on the project, but an extravagant
known as the Ventura.
l than expected. The outrageous styling of the
ial and sideways on the lugs of the watch—ap-
y and Rod Serling.
gn work was begun in 1946, featured a balance
ng heartbeat like that of a traditional watch but
an electromagnet.
potentially marketable beta model, which was
ew that a number of improvements were needed
were developing their own electric watches and,
the first viable production model, known as the
Production Date:
1957–present, with constant
reissues
Best place to wear one:
At a classic car hop drive-in with a
“five dollar milkshake”
Ratings (
Rarity:
Durability: ½
Parts/Service Availability:
Cool Factor:
Web: www.hamiltonwatch.com;
www.hamiltonwristwatch.com
is best):
ved to be relatively accurate, the contacts were
ausing the watches to fail at an alarming rate.
available to train watch technicians around the
ques. That, combined with a high failure rate,
he watches in-house, rather than developing an
n
n a solid gold case, good examples can bring
dget, the Pacer model is just as much fun, more
Hamilton is now owned by the Swatch Group
ke those seen on the wrists of Tommy Lee Jones
me Pieces by Alex Hofberg
revolutionary. So thought the Hamilton Watch
to create an identity for the world's first electric
Arbib believed the public was ready for bold,
eir new battery-powered engine. The tradition-
hief Physicist on the project, but an extravagant
known as the Ventura.
l than expected. The outrageous styling of the
ial and sideways on the lugs of the watch—ap-
y and Rod Serling.
gn work was begun in 1946, featured a balance
ng heartbeat like that of a traditional watch but
an electromagnet.
potentially marketable beta model, which was
ew that a number of improvements were needed
were developing their own electric watches and,
the first viable production model, known as the
Production Date:
1957–present, with constant
reissues
Best place to wear one:
At a classic car hop drive-in with a
“five dollar milkshake”
Ratings (
Rarity:
Durability: ½
Parts/Service Availability:
Cool Factor:
Web: www.hamiltonwatch.com;
www.hamiltonwristwatch.com
is best):
ved to be relatively accurate, the contacts were
ausing the watches to fail at an alarming rate.
available to train watch technicians around the
ques. That, combined with a high failure rate,
he watches in-house, rather than developing an
n a solid gold case, good examples can bring
dget, the Pacer model is just as much fun, more
Hamilton is now owned by the Swatch Group
ke those seen on the wrists of Tommy Lee Jones
or
or other early electric Hamiltons, bear in mind
a wonderful glimpse into the optimistic 1950s,
e Pieces by Alex Hofberg
revolutionary. So thought the Hamilton Watch
to create an identity for the world's first electric
Arbib believed the public was ready for bold,
eir new battery-powered engine. The tradition-
hief Physicist on the project, but an extravagant
known as the Ventura.
l than expected. The outrageous styling of the
ial and sideways on the lugs of the watch—ap-
y and Rod Serling.
gn work was begun in 1946, featured a balance
ng heartbeat like that of a traditional watch but
an electromagnet.
potentially marketable beta model, which was
ew that a number of improvements were needed
were developing their own electric watches and,
the first viable production model, known as the
Production Date:
1957–present, with constant
reissues
Best place to wear one:
At a classic car hop drive-in with a
“five dollar milkshake”
Ratings (
Rarity:
Durability: ½
Parts/Service Availability:
Cool Factor:
Web: www.hamiltonwatch.com;
www.hamiltonwristwatch.com
is best):
ved to be relatively accurate, the contacts were
ausing the watches to fail at an alarming rate.
available to train watch technicians around the
ques. That, combined with a high failure rate,
he watches in-house, rather than developing an
n a solid gold case, good examples can bring
dget, the Pacer model is just as much fun, more
Hamilton is now owned by the Swatch Group
ke those seen on the wrists of Tommy Lee Jones
or other early electric Hamiltons, bear in mind
a wonderful glimpse into the optimistic 1950s,
ity
ity on the restoration and repair of this genre of
deau, of Corte Madera, California, can usually
Pieces by Alex Hofberg
revolutionary. So thought the Hamilton Watch
to create an identity for the world's first electric
Arbib believed the public was ready for bold,
eir new battery-powered engine. The tradition-
hief Physicist on the project, but an extravagant
known as the Ventura.
l than expected. The outrageous styling of the
ial and sideways on the lugs of the watch—ap-
y and Rod Serling.
gn work was begun in 1946, featured a balance
ng heartbeat like that of a traditional watch but
an electromagnet.
potentially marketable beta model, which was
ew that a number of improvements were needed
were developing their own electric watches and,
the first viable production model, known as the
Production Date:
1957–present, with constant
reissues
Best place to wear one:
At a classic car hop drive-in with a
“five dollar milkshake”
Ratings (
Rarity:
Durability: ½
Parts/Service Availability:
Cool Factor:
Web: www.hamiltonwatch.com;
www.hamiltonwristwatch.com
is best):
ved to be relatively accurate, the contacts were
ausing the watches to fail at an alarming rate.
available to train watch technicians around the
ques. That, combined with a high failure rate,
he watches in-house, rather than developing an
n a solid gold case, good examples can bring
dget, the Pacer model is just as much fun, more
Hamilton is now owned by the Swatch Group
ke those seen on the wrists of Tommy Lee Jones
or other early electric Hamiltons, bear in mind
a wonderful glimpse into the optimistic 1950s,
ity on the restoration and repair of this genre of
deau, of Corte Madera, California, can usually
Neat
Neat Stuff by Stefan Lombard
Detail work
Automobile artist Paul Chenard has always been passionate about the history of
motorsport, and his art reflects the legendary people and machinery that comprise it.
He works extensively in pen and ink, watercolor, and Prismacolor pencils, and excels at
capturing the moment—be it the singular focus of Fangio on an apex, the occasion of the
Herrmann/Atwood Porsche
917K winning outright at Le
Mans, or the special ability of
Phil Hill to triumph in nearly
every Ferrari he drove. The
four 22″ x 17″ archival giclées
of his Hill series are limited
to just 250 each, signed
and numbered ($150), and
the first 25 of each were
also signed by Hill himself
($450). Chenard is available
for commission work, and
you can view all his
art and contact him at
www.automobiliart.com
and at www.automobiliart
.blogspot.com.
Phil Hill signing a Chenard print
20
Sports Car Market

Page 20

In Miniature by Marshall Buck
1955 Jaguar XKD-type
The Jaguar D-type is an icon—perhaps the most
copied, duplicated, and replicated car, as both a
model and the real McCoy. Countless variants of
the D-type have been modeled in every scale and
at every detail level, ranging in price from several
dollars to tens of thousands.
The latest model, and one of the best, is of the
Model Details
Production Date: 2009–
Quantity: Around 5,000, but they'll
never tell
Ratings:
1955 Le Mans-winning long-nose, piloted to its
hollow victory that tragic year by Mike Hawthorn
and Ivor Bueb. This new 1:12-scale offering is from
AutoArt of China. It's a mass-produced diecast
model with a wealth of detail and working features.
This is the company's second 1:12 D-type model. The previous release was
Overall Quality:
Authenticity: ½
Overall Value:
Web: www.autoartmodels.com
supposed to be of the 1954 Reims winner, but the research was less than stellar
and the model had a number of mistakes, the biggest of which was that it was the
wrong body. It should have been a short-nose car. Now AutoArt has made good
use of its existing tooling for the long-nose car. The model is not 100% correct,
but it is highly recommended.
The overall shape looks great, though it sits a tad high. Fit and finish are
exceptionally good. The very dark BRG paint is polished to a high luster.
Application of the painted roundels with numbers and the license plates are first
rate; however, the location is noticeably off. The Le Mans winner is also missing
the GB letters on the rear, as well as white paint that should continue from
the rear side of the fin onto its rear vertical edge.
The list of working features is impressive. I counted somewhere around
twelve, though a couple did not work well on my sample. The cockpit is quite
complete, including legible gauges, sprung pedals, and leather-trimmed seats
that look good, though the color is incorrect. To open the huge bonnet, one must
first unbuckle the leather straps and flip the two chromed handles forward.
The engine bay is quite detailed; some of it is correct and some is not quite
right. The gas door and filler cap atop the rear fin also opens; and a nice touch is
the leather strap inside the door to allow it to open only so far. I was surprised to
see how well the working handle with locking spring on the rear spare tire door
operated. Equally surprising was the complete absence of the spare tire. There
is good chassis detail to be seen if you dare to turn the model over. AutoArt has
done a fine job with the Dunlop disc wheels and treaded tires, which have no
sidewall lettering—a licensing issue, I'm sure. One problem on the wheels is
that both sides just have left-hand knockoffs. I've noticed this on the company's
smaller 1:18 Jaguar models, so a little more research would be appreciated.
This Jaguar is a serial-numbered production model, not a limited edition.
However, it may or may not be available for too long, and availability will
depend on overall market demand. Read: “You snooze, you lose.” Even with the
assorted issues, it's a great model, and the only way to get a better one is to spend
much more than its $499.95.
Available from AutoArt, 562.623.0210.
Speaking Volumes by Mark Wigginton
Paul Newman: A Life
by Shawn Levy, Harmony,
2009, 496 pages, $19.10
(Amazon)
Start with an elegant
body, a thing of beauty
from almost any angle, add
in a supple suspension that
looks like it is loafing even
when hard at work, and keep
it active and performing for
more than half a century.
It can't be anything but a
classic.
In this case, it isn't the description of a lovely old car.
Instead it works as well for an actor with a passion for cars:
Paul Newman.
Newman was more than an actor; he was a racer,
philanthropist, arts patron, and the easy-going sex symbol
for more than one generation of American women.
His skill behind the wheel (he was awful in the begin-
ning) grew, along with his skill in front of the camera—a
Method actor who focused the same intensity and passion
on racing as he did on exploring his various characters,
from Cool Hand Luke to Fast Eddie Felson. Newman's
SCCA National Championships outnumbered his Oscar
nominations, and evidently he was proudest of the former.
Shawn Levy, who has also done exhaustive biogra-
phies of Jerry Lewis, Porfirio Rubirosa, Frank Sinatra's
Rat Pack, and even the go-go 1960s in swinging London,
explores the many facets of Newman's life (unfortunately
without Newman's involvement in the project), and creates
a detailed, revealing look at the brain behind the famously
blue eyes.
It's the story of a man who always felt lucky, blaming
“Newman's Luck” rather than his hard work for his success.
It's the story of a man who found in racing the athletic
grace that had eluded him in other sports, a story of second
and third acts, with his lark of a salad dressing business
turning into a cash cow for charity, and his Hole in the
Wall Gang camps providing a week or two of normalcy for
kids who spend the rest of the year in hospitals. It was a life
well lived, and well documented by Levy.
Provenance:
Denied access to Newman himself, Levy did an
exhaustive compilation of interviews with the actor over
the length of his career, added in his own interviews with
those who knew him, and found in those words the truth of
the man, his passions, and his failings.
Fit and finish:
With little more than a handful of photos, Paul Newman:
A Life is woefully short of images of a man known for his
exterior. But the way Levy gets to the interior makes up
for it.
Drivability:
Levy, the film critic for the Oregonian in Portland, is
a deft writer with sharp insights on both the creative process
and what finally winds up on the screen. He brings
that critical eye to Newman's life and career, and I found
myself once again recognizing that Newman is proof that
the ones who make it look easy often work the hardest, on
screen or at the track. And Levy makes it look easy.
22
Sports Car Market

Page 22

Industry Roundtable
Tom Black
Owner, Tom Black's Garage;
Consultant, Bonhams Auctions,
Portland, OR
It's hard to make money
Name three cars
you can buy, restore,
and sell—and come
out ahead.
if you're talking restoration,
though you might fluff something
up and make a buck. The
cost of time and material is so
high today that unless somebody gives you a car or you find
$10,000 under the front seat, you can't turn a profit. You have
to buy right and you can do a bit—paint, maybe do the seats,
put in a clutch.
There's an upside to the 1½ Series E-types, especially the
coupes; perhaps you find a good car that's not got a lot of
sparkle and can bring it around without starting over. You might
do a Porsche, but it's so hard to buy one at a realistic price.
I'd say early Ford V8s, maybe up to the 1950s, are a possibility.
Perhaps they were restored 30 years ago and they're a bit shopworn
and dated. Find an average Ford V8, maybe put in a drop axle, wheels,
and carbs and make a cute hot rod.
You can't buy a Bugeye or an MG A, because they need so much. I
looked at a nice TD, which started and ran well. It had $3k thrown at it but there
was $30k to go, and then it's worth $17k. Most British cars were worn out 30 years
ago and you just can't buy them cheap enough. Of course, you might sneak up on an
orphan—a nice little Renault Caravelle—and get some money for it.
Alex Finigan
Sales Manager, Paul Russell and Company, Essex, MA
I think the only way a non-professional restorer can come out “ahead” is to do a large part, if not
all of the work, himself. In that vein, simplicity is the key.
Look for cars that were manufactured in large numbers and were popular in their time period.
Start with the best example you can find. Former accident damage and rust are best handled by
professionals, and that equals dollars x hours. Restoring a car at home can be hugely rewarding, but
it requires pretty decent organizational skills.
I'd choose something that has a very good support system for parts, club information, and such. It
may be tough to do a Porsche 356 and come out ahead, but I think you could get a 911T that fits the
bill and follow the rising tide on 911Ss. Also consider a Mini Cooper S, and perhaps a Bugeye. Very simple mechanics, and just about
every part is still available.
The Holy Grail would be to find that low-mileage, all-original classic that's been sitting for 25 years. These are the cars that are the
most desirable. I recently bought a '67 911 with 23k miles from the original owner. He parked it in 1981 and let it sit. It's now my favorite
car, and it drives like it just left the showroom.
To be able to do one of these, perhaps with your son or daughter, is where you really come out “ahead.”
Steve Frisbie
Owner, Steve's Auto Restorations, Portland, OR
The key to a restoration is how much work you can actually put into a project yourself, keeping
outside costs to a minimum.
My first choice would be a 1930s car or pickup truck “rat rod.” This form of reconstruction parallels a
restoration and is very popular. A funky “backyard” build lends itself to an inexpensive ratty purchase
and a cost-effective reconstruction with cast-off parts or inexpensive swapmeet purchases. If it's
sound, unique, and has good eye appeal, a quality rat rod can easily find a new owner. It's the low
end of a restoration investment but an interesting one.
A mid-range investment might be a 1939 Ford coupe or convertible, either an older quality restora-
tion or a low-mileage original car. Resto-rods are hot and buying a sound Ford and installing a modern V8, upgrading the brakes
and suspension, picking the right wheels and tires, and setting the car into the right “stance” can make a world of difference in its
appeal. The better car you start with, the less money you have to put into it. Stay away from repainting it or redoing the interior.
For a larger investment I'd consider a 1954–63 Mercedes-Benz 300SL Gullwing or Roadster. They are complicated, but there are
enough reproduction parts and original parts left to make the restoration practical. Buy a solid car to begin with—remember, you
make money when you buy the car, not when you sell it.
24
Sports Car Market

Page 23

Mark Hyman
President, Hyman Ltd. Classic Cars, St. Louis, MO
My rule is, if you love the car, it does not matter what you spend to restore it. However, if you are
looking at it as an investment, it is quite a different picture.
First, most restorations begin at $100,000 and can go to $500,000, depending upon the car
and the work required. So if a car is worth less than $100,000 when completed, it probably makes
no sense to do a full restoration. Concours-quality restorations do not always provide a return to
the owner.
Here are a few rules to consider when deciding on a restoration.
1. Restorations often cost double what you budget.
2. Restorations often take twice as much time as you planned.
3. Unless you are dealing with a well-known restoration shop, you really don't know the end result in terms of quality and
correctness. I strongly suggest using professional shops that can do the whole job in-house. They have a better ability to control
the process and so the end result. The negative is that these shops are usually more expensive.
4. Another rule of thumb is the lower the value of the car, the less chance one has of breaking even or making a profit. It
usually costs the same to paint a $100k car as it does to paint a $500k car. So it's more profitable to restore a more valuable
automobile, since the restoration costs remain relatively constant.
Wayne Obry
Co-owner, Motion Products Inc., Neenah, WI
“None.”
Sorry, that's too short an answer, isn't it? I suppose a hobbyist could come out ahead if he discounted
his time. But can you justify 3,000 hours on an E-type with a shop rate of $70–$90 an hour? That's a
quarter of a million dollars—in an E-type.
Of course, if you're a hobbyist and you got the car from your uncle for $1,000 and you spent five
years working on it in your garage, it might work. Guys do it, but I don't know to what level. We've had
some success at Pebble Beach and three or four Jaguar Club of North America national championships,
but you can't buy and sell just anything. And that's not what we do, anyway.
There are people with a 356 Porsche cabriolet who'll spend $150,000 on the car, but they're ec-
centric owners with their own goals, and we're their right arm. I guess you might find a '69 Camaro RS for $10,000 and find a shop
that would put new fenders on it, fit a kit interior and paint the motor, and you might get $35,000 out of it. I just can't think how
anybody could make money like that.
Reid Trummell
Editor, Healey Marque Magazine
Assuming that your labor is free and you are
prepared to hold on to the car for awhile, here
are my picks:
1955–56 Austin-Healey 100, series BN2:
Prices for these early 4-banger Healeys
are all over the map, but decent restoration
candidates can be found
for $10k–$15k, and a nice example
in condition #2 typically retails
somewhere in the $35k–$60k
ballpark. A Le Mans kit is a big plus.
1970–74 Alfa Romeo GTV. Breaking the rule that says: “If
the top goes down, the price goes up,” prices for the GTV
far outpace those for the Spider. Restorable GTVs can
be found for $10k and perhaps a little less, and nicely
restored examples can sell for $25k and more. There's
not a lot of room to come out ahead here, but control
costs and it can be done.
1965–72 Alfa Romeo Giulia Super. If you can get over
the Lada-esque looks, buy it right from someone who
isn't in the cult, and find a buyer who is… then coming
out ahead is a realistic possibility. The gap between
“restorable” and “restored” for these Mr. Magoo-buys-aforeign-car
charmers is widening as they ride the coattails
of GTV price inflation, and it's all about the gap.
August 2009
If you're a hobbyist and
you got the car from your
uncle for $1,000 and you
spent five years working on it
in your garage, it might work
25

Page 24

Affordable Classic Triumph TR6
Triumph's Joan Rivers
When Karmann face-lifted the Triumph TR4 in 1968, there were still some
arthritic old bones behind the TR6's wide smile and smooth skin
by Rob Sass
the Gloster Gladiator and Fiat CR42
were looking quite antique. The Triumph
TR6 was the Gloster Gladiator of sports
cars: If not absolutely the last traditional
British sports car to be produced, it was
the last one designed by a major manufacturer—
the true end of an era.
The “Six” was the culmination of a
T
long and proud line of sports cars designed
by the old Standard-Triumph Company,
starting with the TR2 in 1953. Triumphs
were known generally for their ruggedness
rather than technical innovation (save being an early pioneer of disc brakes), and time
always seemed to advance faster than the company was able to update its products.
By the time the TR4A was introduced in 1965, even Triumph's best efforts at adding
features such as roll-up windows and a crude independent rear suspension couldn't hide
the fact that this was an aging separate body and chassis design with an engine at the
end of its development.
The addition of the smooth 2.5-liter straight-6 created the U.S.-only TR250 in 1968,
which was a positive step, even if its pitiful 104 carbureted horsepower paled beside the
150 hp fuel-injected TR5 in Europe. But by the late 1960s, the fin-tailed Michelotti body
looked ancient and would have been replaced in 1968 had Karmann—which was tasked
with designing the TR6—not assumed that Triumph would like the tooling measurements
in metric rather than English standards.
Keeping the TR4 doors, windshield, and inner fenders
The resulting flub ensured the TR6 would be launched as a 1969 rather than 1968
model. Triumph—by this time part of the ill-fated British Leyland empire—was so poor
at this point that it mandated Karmann keep the doors, inner fenders, and windshield
frame of the TR4/250. All things considered, Karmann did a masterful job. The clean
and simple body of the TR6 looks fresh and contemporary today.
The TR6, of course, kept the straight-6 of the TR250 and in U.S. twin Zenith-
Stromberg form still produced a measly 104 hp. And while not powerful, it was at least
smooth and torquey and capable of producing one of the nicest exhaust notes of any
6-cylinder sports car.
The driving experience is textbook vintage British sports car. Although all TR6s have
independent rear suspension, they don't really ride or handle any better than a solid-axle
TR4. As IRS designs go, it wasn't one of the better ones, with limited suspension travel
and ancient Armstrong lever shocks producing a decidedly bouncy ride with distinct
changes in pitch on braking and hard acceleration.
Braking is more than adequate under most cir-
Details
Years produced 1969–76
Number produced: 94,619
Original list price: $3,595
SCM Valuation: $15,000–$25,000
Tune-up cost: $250
Chassis#: Plate on left inner fender
Engine #: Left side of block
Club: Vintage Triumph Register
PO Box 655
Howell MI, 48844
More: www.vtr.org
Alternatives: 1963–67 Austin-Healey
3000, 1980–81 TR8, 1967–69 MG C
SCM Investment Grade: C
26
cumstances, with mild servo assist. Steering is sharp
and reasonably light, though the negative camber on
lock makes the car impossible to push (and if you own
one, be assured that at some point you will have to
push it), except for straight ahead.
TR6 interiors changed very little
TR6 interiors changed very little over the seven-
year production run, with the same general fully
instrumented layout as a TR4. Dash wood always
had a matte finish, and over the years, it grew a few
additional warning lights and an updated gauge face.
he age of the biplane fighter lasted
from roughly 1915 to 1941, by
which time the last of the fabriccovered,
fixed-gear aircraft like
Pre-1973 seats were high backs with
integrated headrests, while later seats
were low backs with separate headrests.
Neither style came in anything but
vinyl. Bumper laws affected the car,
although certainly not to the extent of
an MG B. Post-1973 cars grew huge
rubber rams, and the bumpers were
raised a few inches in 1975–76, necessitating
the repositioning of the front
signals under the bumper.
In all, it wasn't bad. Earlier cars don't
carry much of a premium over the later
ones, although some collectors prize the
1969 cars with their unique rear fender
beading, folding headrests, and Rostyle
wheel covers. Nearly every car was delivered with
Redline tires and a top with reflective tape on it. Rallystyle
steel wheels were standard, and painted 72-spoke
wires were optional until 1973. Overdrive was optional
but uncommon.
Like everything else from the 1970s, TR6s were avail-
able in some rather wild period colors like Magenta and
Jade Green. These can be tougher to sell, as comparatively
few people want a bright purple TR6. The chassis
tag indicates the color code of a TR6, so it's relatively
easy to tell in what colors any car was born. It's a cinch
that any red TR6 with a flat black engine compartment
started out in one of these now-unloved colors (originally,
the engine bay was painted body color). Likewise, any
black car is a personal inspiration.
With its separate body and frame construction, a TR6
is a relatively straightforward car to restore, even for a
body-off job. Rust is of course always a problem, especially
with the non-rugged TR6 frame. Frames rust at the
rear trailing arm mounting point, and the front lower control
arm mountings are notoriously weak. Replacement
frames are available from several sources, and it's never
a bad idea to consider one of the kits to beef up front
suspension mountings. Other rust areas are the floors,
rockers, behind the headlights, and the very tips of the
rear fenders. Parts, including body panels and full interior
kits, are both easily available and not very expensive.
As an inexpensive collectible, the TR6 has immense
appeal. They're decidedly masculine, good looking, and
easy to keep on the road. After Big Healeys took off
around 2005, it was widely predicted the TR6 would be
next. It didn't happen for several reasons, not the least of
which is the fact that nearly 100,000 were produced and
many survive.
And oddly, Karmann's masterful styling job works
against it too—even after nearly 40 years, it still looks
contemporary today, particularly when compared to the
very vintage-looking TR4. Like most second- and thirdtier
collectibles, it will continue to appreciate at a modest
rate, with the best examples in good colors being the best
bets in the long run. ♦
Sports Car Market

Page 26

Legal Files John Draneas
Track Day Insurance
High Performance Driver Education coverage insures bad things don't
happen to good people (that's you) during track days
by John Draneas
Invitational track event at Las Vegas
Motor Speedway. Dodge sponsors such
events periodically, and invites Viper
owners to participate. The sessions
include classroom instruction, track
time, and professional driving school
instructors.
According to reports from knowl-
H
edgeable sources, here is the surprising
story. A novice (never before on any
track) Viper owner, who just happened
to be a state court judge, was paired up
with an instructor from a professional
racing school. Everyone involved signed a full release
of liability. After the first couple of laps, the instructor
insisted that the student was braking too early for
the turns, and told him to stay on the throttle until the
instructor told him to hit the brakes.
Whether it was a communication problem or reac-
tion problem, the end result was that the student braked
too late, sending the Viper into a spin and into the concrete
wall. The student was unhurt, but the instructor's
foot was tangled up in the mangled floorboard, trapping
him in the car. He was cut out of the car and rushed
to the hospital. In addition to less permanent physical
injuries, he lost a toe that the doctors were unable to
reattach.
In a twist to the usual track liability claim, the
instructor sued the student, claiming he was to blame
for the injuries because he didn't follow instructions.
The instructor's claims include medical costs, pain and
suffering, loss of the toe, lost wages, impairment of his
ability to properly heel-and-toe downshift, and loss of
marital relations from his resulting feelings of inadequacy
without the toe. He has demanded $1.5 million
in damages, and the case is presently scheduled for trial
in October.
This is not the first time “Legal Files” has reported
on track liability and the fact that most automobile
insurance policies now specifically exclude racetrack
claims from coverage, but many track day participants
still don't understand or believe that.
Problems beget opportunities
Fortunately, a new industry has developed to fill the
need. An Internet search under “track day insurance”
will identify a number of insurance agencies that offer
coverage specifically designed to protect you and your
car from financial ruin. These policies typically cover
damage to your vehicle only, but some offer liability
protection as well. Some are single-event policies, while
others are annual policies. There are too many to list and
28
Brake... brake... BRAKE!
ere's a man-bites-dog twist to
track day crash liability concerns,
resulting from a crash
at a Dodge Viper Owners
Company
detail, so “Legal Files” reviewed three
companies' offerings to give readers an
overview.
Steve Katz, of Jacob J. Katz and
(www.ontrackinsurance
.com), worried about his own lack of
coverage when driving his Viper ACR
at track days. He searched around for
an insurance company that would be
interested, and eventually paired
up with Great American Insurance
Company to offer High Performance
Driver Education (HPDE) coverage.
Instant price quotes and online applications
are easy to use. Maximum available
coverage is $100,000, but Katz
expects that to increase substantially
very soon. Premiums are typically about 0.56% of the value of the car. The deductible
is 5% of the value of the car, with a $1,500 minimum. Coverage is afforded for an
entire event, whether it is one or two days in length, with a 50% discount for a third
day of an event.
For example, say you are driving a $50,000 Porsche Boxster S. Your premium will
be about $280 for the first two days, with a deductible of $2,500. $15,000 of crash
damage costs you $2,500 to repair. Total the car, and you get a check for $47,500.
Your premium is refundable, except for the modest service fee, if you don't par-
ticipate in the event after buying the policy. Damage caused by you, your designated
co-driver, or your instructor is all covered. Applications are virtually automatically
accepted if the event is listed on their calendar (most club events are). Other events
are individually reviewed. Coverage is denied for race events and race cars, defined as
those incapable of being registered for street use, for those who have had a previous
HPDE claim (subject to review), and for those with poor driving records.
Katz explains, “We are looking to insure competent drivers who are willing to
obey the rules established at well-managed track events. We don't care so much about
a ticket or accident or two, but ‘habitual traffic offenders' display a lack of willingness
to follow the law, and are likely to not follow track rules either.”
Katz assures readers that HPDE coverage is sorely needed. “The days of racing
exclusions requiring ‘speed contests' or ‘timed events' are long gone. So are the days
of insurers that will cover you once before they cancel you. Every auto policy I've seen
over the last few years has contained a very broad exclusion that denies coverage for
just about anything that happens on a racing surface.”
Register and insure
Many track day sponsors have signed on with Motorsportreg.com to handle their
event registrations. In a very logical pairing, Motorsportreg.com teamed up with
Lockton Infinity Insurance Company to provide HPDE coverage that is a mouse-click
away. The program is very similar to the Katz program, with instant price quotes
and online applications. Maximum available coverage is $100,000, and premiums are
typically about 0.6% of the value of the car.
The deductible is 5% of the value of the car, with a $1,000 minimum. Coverage is
afforded for an entire event, whether it is one, two, or three days in length, and your
premium is refundable, except for the modest service fee, if you don't participate.
Damage caused by you, your designated co-driver, or your instructor is all covered.
Applications are virtually automatically accepted if the event is listed on their calendar
(most club events are). Other events are individually reviewed. Coverage is denied
for anyone who has had a previous HPDE claim within three years, and for any racing
or competitive event, including time trials.
Sports Car Market

Page 27

The other way to go
Anthony Bevilacqua, of Anthony & Company, Inc.
(www.anthonycompany.com), has taken a different
course. Teaming up with Lloyd's of London, Anthony
offers annual policies that will cover you for up to ten
events per year. Each policy is individually underwritten,
based upon numerous factors such as skill, claims,
experience, etc. Bevilacqua gave an example of a recent
quote for a 2000 Ferrari 360 Challenge Car valued at
$100,000. The premium was $4,000, with 100% coverage
after a $10,000 deductible. If you do all of the ten
allowable events, that comes out to $400 per event, or a
rate of only 0.04% of the value of the car.
But what really sets Anthony & Company apart is
that they offer liability coverage as well as property
damage coverage. Standard coverage is $1 million, with
typical premiums of $1,500–$2,000 per year for up to
ten events. Higher limits, up to $5 million, are available
in the $5,000–$7,000 range. Coverage is quite broad, including
any third party liability for anything that arises
from a track incident, and can insure you, anyone driving
your car, and any specifically designated others.
Bevilacqua agrees with Katz that most every auto
policy now excludes anything that happens on a racetrack,
and he stresses that the policies extend that exclusion
to the liability coverage in your policy, not just
the property damage provisions. He adds, “Most people
agree that the liability waivers signed by participants are
not enough to give complete peace of mind. There are
many ways they might be unenforceable. They might
not be properly signed, for example. Also, if a death
occurs, the waiver might not restrict the legal claims of
the person's survivors, depending on the law of the particular state. These policies are
pretty cheap ways to sleep at night.”
“Legal Files” agrees wholeheartedly. You are really very foolish if you think nothing
bad will ever happen to you at a track event, or if you assume that your auto policy will
protect you. These specialized policies are affordable, especially when you consider the
cost of your entry fees, tires, brakes, fuel, and wear and tear on your car. If you participate
in track events, check out these and other carriers to find the best policy for you.
A key warning
But there is a potentially huge downside here. Keep in mind that these are all
agreed-value policies. Also, they contain the typical auto insurance policy provisions
that damage in the range of 70% or so of the car's value will result in it being declared
a total loss. When that happens, you get paid the amount of your agreed value, and the
insurance company becomes the owner of the wrecked car.
So, say you want to insure your $450,000 Porsche Carrera GT. You make the mis-
take of thinking you can buy $100,000 of coverage and self-insure the rest. You have
an incident that results in $80,000 of damage (not hard with this car), and the insurance
company has the right to pay you $100,000, the amount of your agreed-upon coverage,
and own the wrecked car. Even if you can talk them into selling the wrecked car back
to you cheaply, you might still end up with a salvage title and a greatly diminished
value.
Katz says they really have no interest in such a situation. They don't want to end up
with hard feelings if this result arises, and they don't want to take the risk of partially
insuring a $450,000 car. Consequently, they pay very close attention to the values
placed on the cars, and refuse to provide coverage when this sort of situation is possible.
But readers shouldn't rely on the insurance company to protect them, because they
stand to lose a lot of money if a loss situation falls through a crack in the policy. It's far
better to know exactly what you are getting into. ♦
JOHN DRANEAS is an attorney in Oregon. His comments are general in nature and
are not intended to substitute for consultation with an attorney.
August 2009
29

Page 28

Event California Mille
A Thousand Miles of Dusty Good Fun
We got underway early Monday and being expert navigators, managed to
drive entirely off the course map before lunch
by Ian Kelleher
Ian Kelleher's Lincoln and Drew Alcazar's Porsche, to scale
How were the dual gas tanks going to work? And what
about music?
One thing I did know was that I was looking forward
F
to it. After twelve years in the auction business, it was
a change to take part in an event that was focused on
having fun with like-minded enthusiasts. Assuming,
of course, that the Lincoln could actually complete the
trip…
In advance of the Mille, my friend Bryan May and
I submitted our 1954 Pan Americana Lincoln for acceptance,
prepared for the possibility it might not make
the cut. But it probably didn't hurt that the brain trust
behind the event, Martin Swig, had once owned the car
and was seemingly delighted to have it on the rally.
Once we were in, it was time to prepare the Lincoln
for its biggest adventure in a long time. Bryan, a seasoned
veteran of numerous events, including the Pebble
Beach Rally, took charge, and with the guidance of our
friend Bruce Gregory of Tired Iron Works in Monrovia,
California, our car was dutifully prepared with all the
important ancillaries—the brand new stereo with iPod
hookup, cigar lighters, four additional fog lights, and a
“Dukes of Hazzard” air horn.
30
acing my first vintage rally, I had no idea what
to expect. Could our yellow and black Sherman
tank of a Lincoln complete the 1,000 miles of
the California Mille? Would the brakes hold up?
We managed to drive off the course before lunch
The Mille kicks off at the lovely Fairmont Hotel in San Francisco, where participat-
ing cars are displayed at the Sunday morning concours at Nob Hill. As planned, good
old Ed “the Tow Guy” Brown delivered our spectacle of a car, immediately confirming
our suspicions that ours was going to be the cheapest in the event. It was a great day of
reuniting with old friends and meeting new ones.
We got underway early Monday and expert navigators that we are, Bryan and I
managed to drive entirely off the course map before lunch, which required an entirely
new map to get us back to where we needed to be. It probably didn't help that neither
the odometer nor speedometer worked. To our great relief, though, the rest of the
Lincoln performed well throughout the day and got us back to the group, and our iPod
hookup ensured that even though we got lost, at least we did it to a great soundtrack.
Day one: success.
Days two and three were equally enjoyable. We managed to stay on course, more
or less, for a picturesque cruise down Highway 1, through the Central Valley and the
Goldrush Foothills. An SCM Breaking News bulletin on day three announced that
RM would be presenting the Nick Alexander Woody Collection for sale this August
in Monterey, which prompted questions from many of the Mille participants; so much
for getting a few days off.
Day four began with a road that
Details
Plan ahead: April 2010
Where: San Francisco, CA
Cost: $5,800, approx.
More: www.californiamille.com
seemed purpose-built for our car. For
over ten miles, Bryan drove the Lincoln
with reckless abandon, without another
entry in sight. Most had turned back after
taking one look at the heavily graveled
roads; they had beautifully executed paint
Sports Car Market

Event Mille Miglia
The Italian Job
I set up a chair in the middle of Pienza, a tiny hill town in southern Tuscany,
and watched as 375 historic cars rolled through the narrow main street
by Martin Emmison
Siata 208S exits the plaza in Siena
M
32
ay 15–19 saw Genoa-based MAC Events stage its second Mille Miglia,
and while most participants felt it was better organized than in previous
years, the entry list was less esoteric.
Not only must your car now be of a model that competed in the Mille
Miglia in period (1927–57), but its build date must be before May 1, 1957. You have a
better chance of an entry if your car actually competed in the Mille Miglia in period.
I know this because a client of mine who
bought his Jaguar XK 120 alloy roadster
in February 2009—well after the entry list
had closed—gained an entry because his
car ran in the 1950 race. Membership has
its privileges, as they say.
There were noticeably fewer than usual
of those spectacular 1950s Ferrari and
Details
Plan ahead: May 2010
Where: Brescia to Rome to Brescia
Cost: $5,500 approx.
More: www.1000mille.eu
Maserati sports racing cars, and more everyday cars
of the type that competed in period. So if you are considering
entering next year, take some cues from these
statistics: Fiat was represented by eight pre-war and 19
post-war models; Alfa Romeo by 19 pre-war and 22
post-war. There were 15 Lancias, twelve BMW 328s,
five Mercedes-Benz saloons and 18 300SL Gullwings,
19 Porsche 356s, ten Austin-Healey 100 models, ten
Triumph TR2/3s, 17 Jaguar XK 120/140s (in addition to
several C- and D-types), and 20 Aston Martins.
The downside of this change in selection is that
some really interesting cars, such as Bentley Speed
Sixes, Lagonda V12s, and Ferrari 250 TRs, were excluded.
There was, however, a liberal dose of the Italian
Sports Car Market

Page 31

Mille Miglia SCMers
Ball/Staiman—USA
1930 Alfa Romeo 6C 1750 Gran Sport
Bartlett/Meade—USA
1955 Jaguar XKD-type
Bilton/Bilton—UK
1957 Maserati 250S
Caggiati/Caggiati—ITA
1955 Ferrari 500 Mondial SII
Caggiati/Sassi—ITA
1957 Ferrari 500 TRC
Claramunt/Elicabe—ARG
1933 Aston Martin Le Mans
Croul/Raimondi—USA
1937 BMW 328
Darling/Darling—USA
1953 Siata 208 S
Davis/Chisholm—USA
1955 Maserati A6C54
Jag C-type followed by an OSCA MT-4
“etceterini” like OSCA, Cisitalia, Abarth, Gilco, Bandini, Ermini, Moretti,
Stanguellini, and the even-more-obscure Stanga and Patriarca.
Wednesday's signing-on and scrutineering were smooth and efficient, with helpful
officials. Thursday permitted a relaxed mingling of competitors and spectators in the
middle of Brescia, followed by the traditional dinner gathering and the popular floodlit
send-off from the ramp.
The road book was improved by “tulip” directions,
such as on the Tour Auto. The route started with the
traditional night run from Brescia-Desenzano-VeronaFerrara
on Thursday, followed by a long Friday haul to
the Adriatic Coast, San Marino, and down to Rome,
where the rain poured.
The late-night escorted drive around Rome was
made less enjoyable by fatigue, traffic delays, and
macho interlopers in modern sports cars. There were no
serious accidents, but organizers should bear in mind
that old competition cars have troublesome clutches and
invariably overheat in traffic, along with their drivers.
As usual, the main challenges of the Mille Miglia
were long waits in towns, 4x4 support crews, interlopers
getting in the way, and serious sleep deprivation.
If you got to bed before 2 am on Thursday or Friday
night, you did well, and you had to be up by 7 am the
next morning.
Saturday was beautiful, and the passes and towns
were as spectacular as ever. Viterbo, Orvieto, Siena,
Florence, Modena, Maranello, and Cremona brought
more ecstatic crowds.
I set up a chair in the middle of Pienza, a tiny hill
town in southern Tuscany, and watched in glorious
sunshine as 375 historic cars rolled through the narrow
main street. Part of the experience is the joy the cars
give to enthusiasts, children, old ladies, and even casual
tourists. Capping the event, the Ferrari factory held a
reception in Maranello before the final midnight run to
Brescia.
Bugatti went 1-2 in the event, with Carlo and
Bruno Ferrari in a 1927 Bugatti Type 37 edging out
the Argentine team of Carlos Selecki and Juan Hervas
in a 1926 type 35A. Last year's winners, Antonio and
Luiano Viaro, had to settle for 3rd place in their 1928
Alfa Romeo 6C 1500 SS. Best finish by a post-war car
was 7th place by Alessandro Gamerini and Pier-Luigi
Nobili in a Nash-Healey. ♦
August 2009
de Bruijn/Jordaan—NLD
1954 Mercedes-Benz 300SL
Deijs/Peiers—NLD
1939 Alfa Romeo 6C 2500 SS
Gessler/Ducci—USA
1950 Abarth 204A
Hampson/Hampson—USA
1934 MG K3
Harris/Street—USA
1949 Ferrari 166/195 S
Levi/Lunardi—ITA
1951 Jaguar XK 120 OTS
Lisman/Doyle—USA
1954 Aston Martin DB2/4
Louwman/Louwman—NLD
1952 Aston Martin DB3
Louwman/van Dorth tot
Medler—NLD
1933 Alfa Romeo 8C 2300 Lungo
Male/Male—USA
1954 Maserati A6GCS
Piccagli/Tedloti—USA
1947 Maserati A6 1500
Sielecki/Hervas—ARG
1926 Bugatti Type 35A
Tonconogy/Goldfarb—ARG
1932 Alfa Romeo 6C 1750 Gran
Sport
Tonconogy/Tonconogy—ARG
1936 Riley Sprite
van Haren/de Regt—NLD
1929 Mercedes-Benz SSK roadster
Welford/Bohlander—USA
1950 Aston Martin DB2
The exhaust resonates nicely in the narrow alleys
33

Page 32

Event Villa d'Este
Concorso d'Eleganza Villa d'Este
Emcee Simon Kidston introduced each car on display in Italian and English,
switching to Voltaire's language when the owner was French or Belgian
by Jérôme Hardy
Grand Hotel Villa d'Este, Lake Como, the Alps, and unique vintage machinery
R
34
oman author Pliny the Younger praised the
beautiful colors of Lake Como in Northern Italy
when he had his house built on its shores almost
2000 years ago. The blue waters, the brown
earth from the surrounding Alps, and the luxurious
green Mediterranean vegetation mix with crystal clear
light for a magical effect.
More recently, Lake Como attracted Industrial Light
& Magic when George Lucas chose the balcony of the
Balbianello Villa for Anakin Skywalker's first kiss with
Princess Padme in “Star Wars.” A mere 30 miles north
of busy Milan, the romantic setting of Como is still the
perfect getaway.
The Grand Hotel Villa d'Este is reckoned to be one of
the ten best hotels in the world. More importantly for car
aficionados, it has hosted the Concorso d'Eleganza since
1929, and the most beautiful automobiles have gathered
on its grounds. BMW rejuvenated the event in 1999, and
the brand was clearly visible in the dozens of new all-
black 760iL, X6, and other “courtesy cars” buzzing around during this April weekend.
Villa d'Este has become the leading concours d'elegance in Europe, joining smart
beauties from the past with concept cars of an indeterminate future. Once again, there
were more American collectors in Villa d'Este than Europeans in Pebble Beach or
Amelia Island.
Saturday—clear sky, no wind, 70 degrees, near-perfect—was “invitation only” to
respect the Grand Hotel guests' privacy, and one could see more journalists than participants.
Both groups were welcomed by dazzling BMW 328 roadsters in white, green, red,
black, and blue, all restored by BMW's Classic department.
Fifty automobiles—all one-offs,
Details
Plan ahead: April 23–25, 2010
Where: Grand Hotel Villa d'Este,
Cernobbio, Lago di Como, Italy
Cost: Saturday, Invitation Only; Sunday, $15
More: www.concorsodeleganzavilladeste.com
first of a series, or uniquely pedigreed
in some way—awaited the judges
on the grounds, led by Lorenzo
Ramaciotti, currently head of design
with Group Fiat.
Briton David Moore showed a
1963 Ferrari 250 GTL Lusso whose
first owner was Steve McQueen.
Many consider the Lusso one of the
Sports Car Market

Page 33

Villa d'Este SCMers
Gary Bartlett—Muncie, IN
1955 Jaguar XKD-type
Anton Bilton—London, UK
1969 AC 428
Jan De Reu—Lembeke, OostVlaanderen,
BEL
1953 Fiat 8V, Class G Winner
Mark Gessler—Potomac, MD
1950 Abarth 204 A
Rene Herzog—Hauptwil, CHE
1953 Bentley R Continental
Gerry Leumann—Luzem, CHE
1938 Bentley 4¼-Liter
Kenneth Roath—Newport
Beach, CA
1955 Ferrari 250 GT Europa
Jon Shirley—Sonoma, CA
1938 Alfa Romeo 8C 2900B, Coppa
d'Oro; BMW Group Trophy; BMW
Group Italia Trophy
Frans van Haren—Druten, NLD
1931 Bentley 8-Liter
best looking roadgoing Ferraris, but the cars I have seen
in red, white, black, sky blue, and light green left me uncomfortable
with the transition between the rear quarter
and the tail. But the Marrone Metallic McQueen picked
smooths the form. Either McQueen was lucky or he had a
keen sense of beauty.
The perfect gold shade of American Peter McCoy's
1958 Ferrari California Spyder also showed that risk can
be rewarding, while the lime green Bertone picked for his
concept 1969 BMW Spicup (for Spider & Coupe) was a
just-right period shade.
Each automobile must receive a FIVA (Fédération
Internationale des Véhicules Anciens) identity card prior
to registration for the concours, certifying its originality
and provenance, fitting in either the “Standard” or the
“Period Modified” category. Each class is divided into
three groups: Authentic (completely untouched original);
Original (normal worn parts are allowed to be replaced,
such as mechanicals but also paint, plating, or upholstery);
or Restored (wholly or partially dismantled for
restoration purposes). The Villa d'Este judging criteria
are geared toward “elegance and general sophistication of
the styling, harmony of color schemes, and conformity of
the engine bay.”
Emcee Simon Kidston introduced each car on
display in Italian and English, switching to Voltaire's
language when the owner was French or Belgian. Eight
classes ranged from “Pre-war Open” and “Modena's Thoroughbreds” to “Italian
Style Becomes International,” and each class included la crème de la crème of either
coachbuilt or manufactured production automobiles, from Dutchman Dr. Norbert
Seeger's imposing 1925 Rolls-Royce Phantom I Sports saloon by Hooper to American
Herbert Wysart's lightweight 1952 Porsche 356 Glöckler.
The show was over by 6:30 pm, and the overall win-
ner was American Jon Shirley, whose 1938 Alfa Romeo
8C 2900B received three major trophies, including the
peoples' choice Coppa d'Oro, quite similar to the Best of
Show it had garnerd eight months prior at Pebble Beach.
My personal favorite was U.S. FIVA official Mark
Gessler's tiny 1950 Abarth 204A Berlinetta, the first car
Abarth designed and built with the help of Vignale. It
received the Girard-Perregaux trophy.
Sunday's show was open to the public at nearby Villa
d'Erba, and lucky entrants moved their beauties Saturday
evening onto the dry lawn. The unlucky ones sloshed
though two inches of mud Sunday morning after an overnight
downpour had transformed the park into a swamp.
BMW celebrated the 100 birthday of Bugatti by
bringing four Veyrons and four Grand Prix cars to honor
European racing drivers. A covered exhibit of streamlined
cars provided a perfect retreat from the rain. Despite conditions,
the crowd was substantial and the roaring of a few
engines such as the tiny 1,996-cc V8 from Jan de Reu's
1953 Fiat warmed a few hearts.
Villa d'Este is the European concours that emphasizes
current trends, and many automobiles are presented in
the “Original” category. To that end, Frenchman Daniel
Marachin's 1951 Bugatti 101 by Guilloré, was completely
dans son jus (abundant patina), and Belgian Albert
Lemaire brought a 1939 Bugatti 57C Aravis that was
bought new by his father. He also showed a photo album
that covered 80 years of family history with the car. Such
original cars display ties to the past that a nut-and-bolt
restoration so expensively removes, especially when the
history of the car is lost as well. ♦
BMW 328s
1939 Auburn, far from Indiana
August 2009
Lambos and Lussos
35

Page 34

Ferrari Profile
1957 Ferrari 250 Testa Rossa
These cars brought Maranello four World Constructors Championships and
four victories at Le Mans. Few, if any, cars have a more impressive resume
by Steve Ahlgrim
Details
Years produced: 1957–58 (250 Testa
Rossa)
Number produced: 21 (pontoon fenders)
Original list price: $12,000 approx.
SCM Valuation: $7m–$16m (all 12cylinder
Testa Rossa models)
Tune-up cost: $2,500
Distributor cap: $450 each (takes two)
Chassis #: Left frame member by
steering box
Engine #: Right rear above motor mount
Club: Ferrari Club of America
PO Box 720597
Atlanta, GA 30358
More: www.ferrariclubofamerica.org
Alternatives: 1960–63 Ferrari 250 SWB
California Spyder, 1964–65 Shelby
Cobra Daytona coupe, 1969–71
Porsche 917K
Chassis number: 0714TR
working on a car powered by the 3-liter V12 engine.
Ferrari first used the name Testa Rossa or “red head”
on the 4-cylinder 500 TR, because the car's cam covers
were painted red. The new V12 car would retain the
same name.
The first prototype was fitted with an envelope
I
body. The second Testa Rossa prototype was bodied by
Scaglietti with distinctive pontoon front fenders. The
car was said to be one of Scaglietti's favorite designs.
He explained, “Formula 1 was the inspiration for the
shape. In many ways the Ferrari 250 Testa Rossa was a
Formula 1 car with fenders.”
In all, 34 250 Testa Rossas were built, including pro-
totypes and the 330 TRI/LM. The car presented here,
0714TR, is the fourth Ferrari 250 Testa Rossa and the
second customer car. It was sold new to Piero Drogo,
who was then living in Modena. The Drogo family immigrated
to Venezuela, where Piero raced extensively.
He later returned to Italy, where in the early 1960s he
started Carrozzeria Sports Cars. They produced bodies
for the stunning P3 and P4 Ferraris and also the squarebacked
car, which became known affectionately as the
“Breadvan.”
Drogo shipped 0714TR back to Europe and competed
in some minor events. It was then sold via Luigi Chinetti
to Texan Alan Connell in 1958. He raced extensively in
SCCA National events before selling the car back to
Chinetti, who resold it to Charlie Hayes. Hayes also
raced the car before he sold it to Carl Haas, who sold it
to Wayne Burnett.
36
n 1957, the Commission Sportive Internationale contemplated
new rules to make sports car racing safer
after the 1955 disaster at Le Mans. Anticipating a
reduction in capacity for sports cars, Ferrari began
Burnett competed in nine events during 1961–62.
In 1962, the original engine was removed and the drysump
unit from 0770 TR was installed. Disc brakes
were added, as well as a clear TR59-type carburetor
cover. Burnett raced the car six more times in 1963. It
was then was acquired by Robert Dusek of Solebury,
Pennsylvania, in 1970, and he restored it to its original
specification, reuniting it with engine 0714. Mr. Dusek
sold 0714 to Yoshijuko Hayashi of Japan, where it went
on to the Matsuda Collection.
RM Auctions had the pleasure of test driving 0714
and confirms the car performs beautifully. The steering
is light and the throttle response immediate. The
12-cylinder engine easily revs to the 8,000 redline. The
symphony of the powerplant will make any enthusiast's
hair stand on end. The 4-speed gearbox is precise and
confidence-inspiring. Easier to drive than a Ferrari 250
GTO, 0714TR is a truly fantastic racing car. The performance
is breathtaking, and the view over the bonnet is
one of the best in the world.
0714TR is one of only 21 cars to feature the desirable
pontoon fenders, making it rarer than the 36 examples
of the 250 GTO, and the car would be welcome at all
historic events. These cars rarely come to market and
are one of the most coveted models in the marque's history.
With breathtaking looks and fantastic performance
and handling, this is a true connoisseur's Ferrari.
SCM Analysis This car sold for $12,402,500, including
buyer's premium, at RM's Leggenda e
Passione auction in Maranello, Italy, on May 17, 2009.
It is our pleasure to introduce the new world record
holder for a car sold at auction. No doubt some private
sales have exceeded this amount, but in a public forum,
1957 Ferrari 500 TRC
Lot 472, s/n 0670MDTR
Condition 2
Sold at $2,285,000
RM, Monterey, CA, 8/18/2006
SCM# 42568
Sports Car Market
1957 Ferrari 250 Testa Rossa
Lot 115, s/n 716
Condition 2-
Sold at $3,500,000
Christie's, Pebble Beach, CA, 8/19/2000
SCM# 10192
SCM Investment Grade: A
Comps
1958 Ferrari 412 S
Lot 465, s/n 0744
Condition 2
Sold at $5,600,000
RM, Monterey CA, 8/18/2006
SCM# 42835
Photos: Darin Schnabel

Page 35

this is the undisputed winner. The previous champ, a $10.9 million Ferrari 250 SWB
California Spyder, was crowned at the same Maranello venue just one year ago. While
the Cal Spyder sale was a bit of a fluke, selling at well over the market, this sale was
the real deal.
All Testa Rossas are even-numbered competition cars
Someone needs to write a Ferrari Sports Racers for Dummies book. There are at
least eight Ferrari sports racers with TR or Testa Rossa in their names. A TR 58 is not
a 250 Testa Rossa; however, a 1958 250 Testa Rossa could be a TR 58. Contradictions
like this muddy the history of Ferrari sports racers and make learning the models a
challenging task.
Ferrari identified cars built for competition by giving them even chassis numbers.
Even-number Ferraris are generally the most valuable Ferrari models. All Testa
Rossas are even-number cars, but their value can vary greatly. The 500 TR, an early
4-cylinder model, starts the line at around $1.5m. The upper end is populated by the
12-cylinder cars, which start at around $7m and top out in the teens.
The incredible market value of the Testa Rossa line can be credited to an equally
incredible competition record. Testa Rossas first competed in 1956, and the model
was still defending Ferrari's honor well into the 1960s. They competed everywhere,
from the top races in the world to regional events in banana republics. The top professionals
drove them, as did well-heeled amateurs. They brought Maranello four World
Constructors Championships and four victories at Le Mans. Few, if any, cars have a
more impressive resume.
The pontoon-fender Testa Rossa's claim to fame comes from its looks as much as
its racing results. The famous front fenders were a brilliant idea and cooled brakes
as intended, but the design proved to be aerodynamically unstable at high speeds.
Ferrari quickly discovered the defect and immediately abandoned the design for the
factory team, but they continued to produce the pontoon-fender model for customer
cars. The iconic design may not have made the best race car, but customers loved
them and the pontoon model is probably the most valuable of all the Testa Rossas.
Remarkably authentic and mostly unmolested
Underneath the primping, 0714TR is remarkably authentic for a former race car.
Despite a rich life as a racer, it has remained mostly unmolested. Credit goes to Bob
Dusek for returning 0714TR to its former glory. He bought it as a tired race car at the
end of its career. Fortunately, the correct engine was still with the car, as were all the
major pieces. He reinstalled the correct engine and carefully restored 0714TR for a
new mission. Over the next 14 years, he campaigned the car in nearly 50 vintage and
club events.
The $12.4m sale of 0714TR hit right in the middle of our SCM Price Guide and
at the upper end of the $10m–$12m range in Cavallino magazine's guide. The car
had been on the market for a while: Symbolic Motorcars had offered it publicly at
$11m back in 2005. It was then quietly offered a little longer before RM picked up the
consignment for the Maranello sale. RM flogged the car within an inch of its tires,
drawing more press than an alien abduction. There couldn't have been another penny
left in the car when the bidding stopped.
The purchaser, a long-time SCMer, was a phone
bidder whose well-known representative placed bids
from the floor. The transaction was captured electronically
and is showing on YouTube, where it doubles as
a sleep aid. The TR will not be the most valuable car
in the billionaire's collection, nor will it be a garage
queen. He uses his cars, and we'll probably see 0714
at the Monterey Historics, where it will be driven as
intended—competing for a win. ♦
(Introductory description courtesy of RM Auctions.)
Seat Time
Nick Candee, Waltham, MA: In 1962, a truck dropped off a
1958 Ferrari 250 Testa Rossa, chassis 0732, at my house. Dad paid
$5,000 for it. We called it the Blue Bomb—a four-year-old race
car with an unsuccessful record, exquisitely refinished as a road car
in metallic midnight blue with four exhaust pipes chrome-plated to
American standards, Borrani wheels, TR3 taillights, a gated shifter
with lockout for reverse, and the intangible 12-cylinder Ferrari
howl that makes you quiver.
It was the greatest car in the world, and for a year my Dad,
brother Ken, and I were its stewards. I waxed it a dozen times, and
felt in the most tactile way the genius of Scaglietti's lines. From the
Testa Rossa I learned that the only way to appreciate the contours
of a car is to wash and wax it, like reading Braille with sensitive
fingertips.
The idea was that Dad bought the TR so that Tom Schelble of
Milwaukee could race it. We never raced it, but we did have a few
especially brilliant drives in the TR, including a “warm-up” drive
on a sunny Christmas Eve day, when we donned WWII surplus flight
suits for a run up the recently repaved and widened Highway 45
in south Fond du Lac County, our local Mulsanne Straight. A wind
chill of 15 degrees at 130 mph is exceptional but no match for the
adrenaline.
I'd learned to drive on a gray and red Ford 8N tractor, shifting
gears without synchro, so I was able to drive the TR. The startup
was theater—turn the key, wait for the fuel pump to stop clicking,
and then start a couple of times as the six DC Webers hissed, spit,
and coughed their way into a loping idle.
Dad finally sold the TR for what he paid and bought a Mondial
with a Ford V8 shoehorned into the front. Harry Woodnorth of
Chicago came to get it one night for a collector in Omaha. Then it
was with Bob Bodin in Minnesota for many years. I saw him last
August at Laguna Seca; he was missing the TR too. It is last listed
as being in Switzerland, and was the subject of a monograph by
Doug Nye in 1995. 0732 is also detailed in Joel Finn's TR book,
Ferrari Testa Rossa V-12.
It was just an old car for $5,000 a generation and a half
ago… but so magic even then! Over time I came to admire Astons
as the marque that finally beat Ferrari in 1959 on the big road
courses for the world championship. But I loved the Testa Rossa.
August 2009
37

Page 36

Sheehan Speaks Michael Sheehan
The New Reality
The Ferrari market has returned to a refreshing level of liquidity, with cars
selling again—although they're 30% below last year's prices
and net himself $700,000—about $200,000
over the retail price for his Lusso in today's
market. The very next email was from a
client who had been web surfing and found
an Indonesian site offering photos of a 275
GTB/4 (but with a 330 GTC serial number)
for $400,000. He simply didn't “get it,” or
didn't want to “get it,” that there were no
bargain 275 GTB/4s for sale in Indonesia,
and wanted to find a restored 275 GTB/4
for $400k—at least $500k under today's
market.
Simply put, too many would-be sellers are lost in the ozone of last
T
he inspiration for this column occurred
in March, when I returned from
lunch to find an email from a Lusso
owner who wanted us to sell his car
relatively comparable pair of Euro-model
Daytonas.
On the subject of Daytona spyders,
365 GTS/4, s/n 14415, a beautiful but
older restoration in black with tan, sold for
$1,489,469 at the 2008 sale. Fast forward
to 2009 and s/n 14543, an ultra-detailed,
time-warp, low-mileage Daytona spyder
finished in white with black, was bid to
$1,031,250 but not sold. I'd opine that the
bid of $1,031,250 was indeed all the money
in today's market, and it represents a drop
of 31% in a year.
1971 Daytona Spyder
year's prices, using the 2008 peak-of-the-market numbers to gauge the
value of their cars. Conversely, an equally large number of would-be
buyers dwell in a fairyland of Ferraris at 60% or more off. Neither is in
touch with today's reality. So let's spell out current selling prices and
percentage drops for an accurate picture of the market.
Real estate leads the way
Just as the real estate crash led the U.S., England, Spain, and Ireland
into this recession, so a real estate recovery will ignite the long climb
back to prosperity. As real estate begins to hit bottom, let's quantify the
recession's effect on the Ferrari market. The Ferrari historians group I
belong to agrees that RM's May 2008 auction at the factory in Maranello
and the Monterey auctions of August 2008 were the high points of the
2003–08 Ferrari boom. So where are we now?
The numbers don't lie
One only needs to compare a few same-model, same-condition
sales from the RM auctions at Maranello in 2008 with the RM auction
at Maranello in 2009 for statistical answers. For example, 250 Lusso
s/n 5143 was the subject of a five-year restoration and so brought “all
the money” at the 2008 auction at $1,174,553. What a difference a year
makes: 250 Lusso s/n 4405, also freshly restored (admittedly to a lesser
standard), sold at the 2009 auction for $605,000, a drop of 49% in just
one year.
Further up the food chain, 250 LWB California Spyder s/n 0923 sold
for $3,659,838 at the 2008 auction, while 250 LWB California Spyder
s/n 1487 sold for $2,911,563 at the 2009 auction, a drop of 21%. Shifting
to newer cars, Euro model F40 s/n 89307 sold for $674,091 at the 2008
auction while Euro model F40 s/n 88835 sold for $393,250 at the 2009
sale. That's a drop of 39% for similar cars.
Ferraris of the 1970s, the Baby Boomer poster cars
Switching to the “poster child” cars of the 1970s, the cars that Baby
Boomers relate to, we can compare the sales of a 246 GTS, a Daytona
coupe, and a Daytona spyder for what is probably the best confirmation
of the new market reality. A 246 GTS, s/n 6294, a red with black Euro
model car, sold for $204,270 at the 2008 sale compared with 246 GTS,
s/n 5104 GTS, also finished in red with black, which sold for $143,688 at
the 2009 auction. That's down 30% for a comparable pair of nice, driverlevel
Dino spyders.
Moving to the poster child for the first supercar, a Daytona 365
GTB/4, s/n 14345, finished in red with tan and black, sold for $425,563
at the 2008 sale. At the 2009 sale, 365 GTB/4 s/n 13653, finished in silver
with red and black interior, sold for $287,375, a drop of 33% for a
38
Bottom line, it's a 30% off sale
In a contango of rising Ferrari prices, the trend is your friend, until
it ends. As the credit markets froze in late 2008, so did liquidity in the
Ferrari market. Fed Chairman Ben Bernanke's “Quantitative Easing”
(printing money) and massive bailouts have regreased the world's financial
markets, real estate is hitting bottom, and the world's stock markets
are rebounding. Likewise, the Ferrari market has returned to a refreshing
level of liquidity, with cars again selling, although more or less 30% off
last year's prices.
This too shall pass
It takes a lot of buying to move a market upward, but a mere lack of
buyers creates a bear market. In the last year, the Ferrari market was
negatively affected by a number of owners who had to sell their cars.
Too many motivated sellers, too many cars, and too few buyers created
today's lower prices. The “pig-in-the-python” problem of cars being
squeezed slowly along to too-few buyers is behind us. Those owners who
had to sell have sold. We are now back to price stability, but at 30% below
previous prices and with no prospects of a speedy uptick.
Ferraris as a lagging indicator
Ferraris are a lagging indicator, as was clearly shown in 1989, when
Ferrari prices remained strong long after U.S. real estate and the stock
market had fallen off a cliff. Again last year, Ferrari prices continued to
climb while Bear Stearns imploded, IndyMac was seized, Fannie Mae
and Freddie Mac were nationalized, and Lehman Brothers sank into
oblivion.
In only a year, the planet has experienced deleveraging on a breathtak-
ing scale. The good news is that relative to banks and real estate, the drop
in Ferrari prices has been modest—especially compared to the severe
drops in the 1990–95 collector car price crash.
Ferraris remain liquid; buy-sell agreements can be made in a day,
pre-purchase inspections effected in a few days. Ferraris have wheels, fit
into trucks and cargo jets, and can be anywhere on earth within a week
or two after purchase. Buyer demand—the arbitrage of weak dollars to
strong euros and sterling, or vice-versa—will always provide buying
opportunities. Once real estate rebounds, the stock markets revive, and
employment picks up, Ferrari prices will again rise.
There's the best and the rest
The one thing we know about trends is that they are eventually going
to end and collector car prices will rebound. But on the other hand, buyers
do not wake up one morning and decide they will buy the highest-priced,
least-documented car on the market. I'm still amazed how many sellers
fail to grasp this simple concept. Regardless of where the market may be,
it takes the best car, with the best documentation, best service history,
best marketing, and best price to sell. ♦
Sports Car Market
Henry Kister

Page 38

English Profile
1970 Aston Martin DB6 Mk II
Two things kept the price down: British buyers are notoriously suspicious of
automatics in “sporty” cars; and it was presented on a cheap set of tires
by Paul Hardiman
Details
Years produced: 1965–70
Number produced: 240
Original list price: $36,960 (1966)
SCM Valuation: $175,000–$240,000
Tune-up cost: $300
Distributor cap: $24.57
Chassis #: Underhood on top of firewall
Engine #: Nearside of cylinder block next
to generator
Club: Aston Martin Owners' Club
Drayton St. Leonard, Wallingford,
Oxfordshire OX10 7BG UK
More: www.amoc.org
Alternatives 1963–70 Maserati Mistral,
1960–63 Ferrari 250 GTE,
1962–64 Ferrari 250 GTL Lusso
SCM Investment Grade: B
Comps
Chassis number: DB6MK24273R
undertook an extensive restyle, incorporating a more
raked windscreen, raised roofline, and reshaped rear
quarter windows.
Although still recognizably related to the original
T
Touring-styled DB4 of 1958, the DB6 abandoned the
Superleggera body structure of its predecessors in favor
of a conventional steel fabrication. The major change
was at the rear, where a Kamm-style tail with spoiler
improved the aerodynamics, greatly enhancing stability
at high speeds. The 4-liter engine of the DB5 was
retained, and an automatic transmission and optional
power-assisted steering were offered for the first time.
The Mk II was announced in August 1969, with
flared wheelarches accommodating wider tires, a more
substantial Borg & Beck clutch, a changed first-gear
ratio, and power-assisted steering, which was now standard
on all cars. Some 240 DB6 Mk IIs were built.
This car was acquired in 2004 by the present owner,
a long-time motor engineer and garage proprietor. It
had previously been on museum display for 18 years.
The car was found to be in generally sound condition,
though not to the new owner's demanding standards,
and he embarked upon a major restoration.
This included an engine rebuild with new shells,
piston rings, valves, cam buckets, and full engine and
seal kit; the cylinder head was converted to unleaded
gasoline. The automatic gearbox was removed, cleaned,
40
he culmination of Aston Martin's long-running
line of “DB” 6-cylinder sports saloons, the DB6
was introduced in 1965. Aston Martin lengthened
the wheelbase by four inches over the DB5 and
checked, and found to be in good order. Brakes were
overhauled, the radiator re-cored, and a Kenlowe fan
was fitted.
The starter motor, alternator, and petrol pump units
were all rebuilt, and attention to coachwork and fittings
included a bare-metal respray in Birch Gray, new inner
sills, and stainless steel sill finishers. All brightwork
was removed and rechromed, and the seats received a
complete retrim in black leather, with the headliner and
carpets replaced as well.
Other work included replacing rubber body seals,
fitting a new windscreen, headlights, side and indicator
lamps, and taillight clusters, and many other
new parts and fittings. Since restoration, this car has
successfully covered 2,000 miles or so, and the current
odometer reading is believed correct at 84,300.
SCM Analysis This car sold for $135,145, including
buyer's premium, at Bonhams's an-
nual sale of Aston Martins at Works Service in Newport
Pagnell, England, on May 9, 2009.
This was an attractive car, and much time, exper-
tise, and care had obviously been spent on a very nice,
thorough restoration. The implication from the catalog
is that the owner did much of the work himself and was
well qualified to do so—and by that token he may not
have had big bills to win back at sale. It didn't come
with the registration number shown on the car in the
catalog—probably worth $5,000 in itself—but had an
entirely appropriate age-related plate, and a nice MotoLita
steering wheel.
1967 Aston Martin DB6
Lot 567, s/n DB63007R
Condition 3+
Sold at $94,866
Bonhams, Sussex, UK, 7/11/2008
SCM# 117241
Sports Car Market
1970 Aston Martin DB6 Mk II Vantage
Lot 607, s/n DB6MK24247R
Condition 2Sold
at $111,296
Bonhams, London, UK, 12/1/2008
SCM# 118797
1967 Aston Martin DB6 Mk I
Lot 368, s/n DB63131R
Condition 3
Sold at $103,395
Bonhams, Chichester, UK, 9/19/2008
SCM# 117839

Page 39

The owner's not the hot-shoe he'd like you to think
Two things, apart from the labor assumption, kept the price down here. British
buyers are notoriously suspicious of automatics in “sporty” cars—especially oldstyle
3-speed Borg-Warner clunkers. It's a different story in the age of the paddle
shift, which tends to mask the fact that the box is in control, but progress with these
old slushers can feel a bit leisurely, even with almost 300 hp on tap.
In a retirement-age coupe, bought not for how fast it can zip around the Nürburgring
with its a/c and stereo turned to max, but for its style and beauty to be enjoyed on high
days and holidays, it shouldn't matter. But it still does. It's as though the owner's not
quite the hot-shoe he'd like you to think he is and is instead a lame-wrist who couldn't
quite be trusted around the 'box even if he knew how to exploit the ratios. We Brits
are a bit anal retentive when viewing a 40-year-old car, overlooking the fact that
automatic drivetrains have probably led an easier life than manuals.
The other detail was that, although it looked like a very nice restoration, it was
presented on a cheap set of tires. Okay, they were new, and probably better than
whatever it originally rode on, but once you've spent all the money and been right
through the car, why not put it on a nice set of original rubber, or even premium
Pirellis? It helps the overall appearance and keeps the gearing right, and it's not as if
period-looking rubber is unavailable. This was literally a case of spoiling the ship for
a ha'penny-worth of tar.
Never the appeal of DB4s and DB5s
DB6s have never had the purist appeal of the 4s and 5s, even though there's only
a claimed 19 pounds difference between a late DB5 and a DB6. Their slightly longer
bulk, heavier roofline and C-pillars, plus that Kamm tail (which ought to be seen as an
improvement on a 5), identify them as a bit stodgy. On the Mk II, the flared arches (as
if you'd notice) take them one step further away from the purity of the original design.
What nonsense, I maintain, and full marks to the astute buyer who gets (almost) all
of the style at less than half the price. Purism be damned when there's this much to
be saved.
Aptly, it sold just across the road from where it was made, and it brought all the
money the seller was looking for—more evidence he didn't have big bills tied up in this
car. So it looked like everyone got a reasonable deal here (though in the same week
David Smith, Toronto, Ontario, CAN: I purchased my 1970
Aston Martin DB6 Mk II Vantage in 2005 from Post Vintage in
the U.K. and had them convert it to left-hand drive and install air
conditioning.
A total of 245 Mk IIs were manufactured, 71 of which were
Vantage spec, and of those only six originally came as left-handdrive
cars. However, once smitten by the DB6 body shape, the Mk II
flared fenders, and the revised interior, I had to have one!
We occasionally rally with the DB6, and it has proven to be a
great grand touring/road rally car. We have done the New England
1000 and attended the AMOC Lime Rock event and hope to do
more.
there was a similar car, with power steering, advertised
in the trade at a little less). If it hadn't been an auto,
it might have done even better, but as it is, it was well
sold. ♦
(Introductory description courtesy of Bonhams.)
Seat Time
August 2009
41

Page 40

Etceterini & Friends Profile
1930 Citroën Kégresse “Forestiere” Autochenille
The ultimate trip was the great Sahara crossing, which established the
Autochenille's reputation internationally.
by Donald Osborne
Details
Years produced: 1921–37
Number produced: 5,795 (all series and
types)
Original list price: $6,995 (1923)
SCM Valuation: $40,00–$60,000
Chassis #: Plate affixed to right side of
firewall
Engine#: Plate affixed to right side of
firewall
Club: Military Vehicle Preservation Assn.
PO Box 520378
Independence, MO 64052
More: www.mvpa.org
Alternatives: 1940 White M2 half-track,
1937 Bombardier B7 snowmobile,
1944 Studebaker Weasel
SCM Investment Grade: D
Comps
1940 White M2 half-track
Lot 51, s/n YSAW401234
Condition 4Sold
at $20,340
Chassis number: 7218
at the behest of his erstwhile employer, Czar Nicholas
II, who had wanted a means of adapting his cars to drive
across deep snow.
Rather than use the heavy steel hinged plates of a
A
conventional crawler tractor, Kégresse devised a lightweight
system that employed rubber bands running
around bogies driven from the rear axle. Patents were
filed in Russia and France, and by the time the Great War
broke out, the “Système Kégresse” had been perfected.
Returning to France after the Revolution, Kégresse
was introduced to André Citroën, who immediately recognized
the potential of his invention and purchased the
sole rights, setting up Société Citroën-Kégresse-Hinstin
to develop and manufacture it.
One of the Kégresse system's major advantages was
the fact that it did not require a vehicle of great power,
and initial tests were conducted using an adapted B2
model of 10CV. These autochenilles (auto caterpillars)
were an immediate success, finding employment
throughout Europe in farming, forestry, and a variety of
military applications.
42
curious mixture of romantic visionary and
practical businessman, André Citroën knew a
promising invention when he saw one. Frenchborn
Adolphe Kégresse had developed an idea
This swift acceptance was due in no small part to the
various publicity stunts dreamt up to demonstrate their
remarkable off-road capabilities, one of which involved
a Citroën Kégresse towing a 3.5-ton maison roulante
(mobile home) up a 348-foot-high sand dune.
Of greater significance though was the crossing of
the Sahara Desert during the winter of 1922–23 by an
expedition of five Citroën Kégresse B2s, thus establishing
the viability of an overland route for motor transport
from Algeria to French Equatorial Africa. The five little
cars completed the 3,000-mile journey from Touggourt
to Timbuktu in an astonishing 21 days, a mere fraction
of the time taken by a camel train.
This Citroën Kégresse “Forestiere” Autochenille
was acquired by the Adrien Meagh Collection around
50 years ago. The vehicle was restored by Lecoq in the
early 1980s and has been on display in the Museum
since its opening in 1984. Offered complete with front
skis, it is in running condition, having been restarted
for the sale.
SCM Analysis This vehicle sold for $46,575, including
buyer's premium, at Bonhams's
Les Grandes Marques à Monaco sale on May 18, 2009.
While Citroën established a reputation for in-
1945 NSU Kettenkrad
Lot 318, s/n n/a
Condition 3
Sold at $123,525
Bonhams, Chichester, UK, 9/19/2008
SCM# 117783
B&G, Melbourne, AUS, 4/23/2006
SCM# 41552
1940s FMC Alligator Amphibian
Lot 64, s/n n/a
Condition 5
Sold at $16,950
Bonhams, Melbourne, AUS, 4/23/2006
SCM# 41609
Sports Car Market
Photos: Bonhams

Page 41

novation with the launch of the hydraulic-assisted spaceship DS
in 1955, the company led the world with another groundbreaking
technology more than 30 years earlier with the Kégresse halftrack.
In fact, this revolutionary drive design, used on passenger
car chassis, light commercials, (very slow) armored cars, and even
a tractor, was arguably more important, as it was adopted under
license by manufacturers around the world, while we're still waiting
for the global hydraulic revolution to start. The genius of Adolphe
Kégresse even extended to the development of the dual-clutch transmission
in 1939, 40 or so years before Porsche.
This half-track system was the international standard
The Citroën-Kégresse half-track system was the international stan-
dard, with Alfa Romeo using a license to build a vehicle on the Tipo RM
chassis, one of which Bonhams offered for sale in their Gstaad sale of
December 2007 (and for which $261k was amazingly refused—SCM#
48111). The U.S. Army purchased several and later licensed the design
for the WWII M2 and M3 half-tracks.
Of course, the income from the patent licenses didn't keep Citroën
from bankruptcy in 1934, and Michelin, the new owner, wasn't particularly
interested in off-road vehicles, so development languished—probably
to the detriment of the French Army a few years later.
The benefits of the Kégresse system in saving a vast amount of
weight over conventional metal-tracked designs cannot be overstated.
The ability of a 20-hp vehicle, carrying passengers and/or cargo, to
traverse deep sand, snow, or steep embankments with ease was miraculous.
As mentioned in the catalog, Citroën and its agents loved to
stage dramatic demonstrations of the prowess of the vehicles, such as
this account posted on the Dutch citroen.pagina.nl web site, from the
October 1, 1923, issue of the Australian Motorist.
“Mr. Curtis, of Preston Motors, is said to be kegressing very satis-
factorily… we followed behind to watch the machine's behavior on an
ordinary road; it glided along comfortably at about 20 mph. Suddenly
Mr. Curtis changed his route by climbing up an embankment about 4ft.
high and almost vertical... After clambering up the bank by digging
our boots into it, we saw the Citroen doing 20 mph over undulating
ground… en route it climbed over a pine log, the butt being about two
feet thick, then it climbed down the bank like a possum and proceeded
along the road again.”
Equally at home in wet stuff
The ultimate trip was, of course, the great Sahara crossing, which
established the Autochenille's reputation internationally. An example
can be seen making a brief appearance in the film “Raiders of the Lost
Ark,” parked in its natural desert habitat. Although best known as sand
transport, it was also equally at home in the wet stuff, and could be
fitted with skis, as is the case on this example. The restoration was done
by Lecoq; for one used to seeing gleaming Delahayes, Hispano-Suizas,
and Bugattis from this leading French shop, it's arresting to see this
flat olive drab.
But it's a tribute to Lecoq's zeal for accuracy, as it appears to have
been done to a correct military standard—at what cost can only be
imagined. With the passage of almost 30 years since the restoration
work, a few years of use, and a long static display since 1984, it now
has the look of a genuine army surplus item.
While it was reported that the Citroën was “restarted” for the sale,
clearly a mechanical rebuild will be necessary prior to attempting a
crossing of the Sahara or a trip down the side of a mountain for a
cup of après-ski chocolat chaud. As the ultimate accessory for a ski-in
chalet or North African vacation villa, this Kégresse would be hard to
beat. Or, as a part of a serious collection of military vehicles or technological
marvels, it would be equally well placed, given the historic
importance of the drive layout. In either case, the price paid for this
example has to be counted a bargain. ♦
(Introductory description courtesy of Bonhams.)
August 2009
43

Page 42

German Profile
1980 BMW M1 Coupe
This was an extraordinary result, greater than the next highest street M1 sale
on record by nearly 50%
by Rob Sass
Details
Years produced: 1979–81
Number produced: 456 (including 56
race cars)
Original list price: $60,000
SCM Valuation: $75,000–$125,000
Tune-up cost: $1,800–$2,000
Distributor caps: $550–$600
Chassis #: Engine compartment (factory);
door jamb and bottom of windshield
(U.S. import)
Engine #: On top of block
Club: BMWCCA
345 Harvard St.
Cambridge, MA 02138
More: www.bmwcca.org
Alternatives: 1976–84 Ferrari 512 Boxer,
1974–88 Lamborghini Countach,
1971–80 Maserati Bora
SCM Investment Grade: B
Comps
Chassis number: WBS59910004301371
providing the basis. Ex-racing driver Jochen Neerpasch
was responsible for initiating this ambitious project, whose
aims included taking on rival Porsche in the World Sports
Car Championship and, ultimately, victory at Le Mans.
M1 development was contracted first to Lamborghini
A
and then to Giorgetto Giugiaro's Italdesign, although almost
all cars ended up being built by BMW in Germany.
Giugiaro's compact coupe bodywork in fiberglass
was wrapped around a multi-tubular spaceframe chassis,
while a twin-overhead-cam, 4-valve version of BMW's
3.5-liter six, driving via a 5-speed ZF transaxle, provided
the motive power. The M1's wedge-shaped coachwork
proved highly efficient aerodynamically, needing very
little in the way of additional spoilers and wings in race
configuration.
Lamborghini's Gianpaolo Dallara was responsible for
developing the suspension, which followed racing practice
by using unequal-length wishbones at front and rear.
Soberly trimmed in black and gray, the M1's interior was
exceptionally well equipped for a sports car, featuring
Recaro seats, air conditioning, electric windows, power
door mirrors, and heated rear screen.
First shown at the Paris Motor Show in 1978, the road-
going version came with 277 hp and a top speed of 160
mph. Only ever intended as a limited-edition model, the
M1 ceased production after just 456 examples had been
built, a minimum of 400 being required for homologation.
In the event, the abandonment of the Group 5 Silhouette
Formula robbed the car of its raison d'être, though the
44
proposed Group 5 “Silhouette Formula” for
production-based cars triggered the M1 program
in the mid-1970s, a mid-engined concept
car designed in-house at BMW by Paul Bracq
M1-only Procar Series run at Grand Prix races in 1980
and '81 provided BMW Motorsport with a valuable showcase
by way of consolation.
This example was sold new in England to its first owner,
who kept it for 20 years, and was registered by the current
(second) owner in Monaco on April 26, 2000. Serviced
in Cannes (no invoice), the car boasts a beautiful black
leather interior and will be delivered with its Monaco
papers and owner's handbook. An important landmark in
BMW's history, and in particular of its involvement with
motorsport in the post-war era, the M1 is already highly
collectible and is surely destined to become increasingly
sought after by discerning aficionados of the marque.
SCM Analysis This car sold for $186,300 at
Bonhams's Les Grandes Marques à
Monaco sale on May 18, 2009.
The M1 has long been viewed by collectors as neither
fish nor fowl—neither an Italian exotic nor a traditional
BMW. To make matters worse, Italdesign and Gianpaolo
Dallara heritage notwithstanding, many collectors considered
the car insufferably bland—not unlike a 1980s
Honda NSX.
It didn't help that the car built to slay Porsche 911s on
track wasn't the least bit competitive and instead wound
up in the meaningless single-marque Procar series of
1979–80. At least the drivers were first-rate, with Niki
Lauda and Nelson Piquet the winners in 1979 and 1980,
respectively.
Consequently, post-1991, M1 prices languished for a
very long time in the $65,000 to $95,000 range. Slowly,
the M1, along with other long unloved mid-engine cars
like the Maserati Bora and Ferrari 308 GT4, are start-
1979 BMW M1
Lot 290221829128, s/n 4301231
Condition 2+
Sold at $140,100
eBay Motors, 6/25/2008
SCM# 117032
1981 BMW M1
Lot 184, s/n WBS59910004301403
Condition 2Sold
at $137,500
RM, Phoenix AZ, 1/18/2008
SCM# 48699
1981 BMW M1
Lot 555, s/n WBS59910004301429
Condition 3Sold
at $91,000
B&B, Carmel, CA, 8/18/2006
SCM# 42744
Sports Car Market
Bonhams

Page 43

ing to have their day in the sun, but none to the extent
of the M1, which is perceived to be more tractable and
more reliable than any Italian exotic. In the last several
years, good examples of street M1s have begun to break
six figures.
Indicates a change in market priorities
Even with that in mind, this was an extraordinary
result, greater than the next highest street M1 sale on
record by nearly 50%. The two-owner history and great
colors surely account for much of this, but also perhaps
the change in priorities of the market; the M1 is a car that
can be used without the fear that goes along with operating
a vintage Ferrari or Maserati. With the exception of
the Kugelfischer injection, there is little exotic about the
BMW.
Because of its relatively recent manufacture, the
M1 is eligible for few top-tier events in street form.
Nevertheless, that hasn't deterred buyers at auction recently.
What should, however, give them pause is the fact
that no M1 was ever legally sold in the U.S. and the years
1979–81 are still heavily scrutinized by the smog police
in many states. Without proper EPA and DOT clearances
and without emissions equipment in place, an unwary
owner of an M1 can find himself in quite a pickle.
As SCM often reminds its readers, a single sale does not
a market make. For now, this sale appears unrepeatable,
and the M1 looks fully priced in the $125,000 to $135,000
range. We'd have to call it better sold than bought, but
only by a small margin given this car's condition and
two-owner history. ♦
(Introductory description courtesy of Bonhams.)
Seat Time
Archie Urciuoli, Casey Key, FL: Although my favorite period for road cars is the 1950s and '60s,
I made an exception for my BMW M1 because of its strength as an all-around performer, its breakthrough
styling, its limited production of just 400 road cars, and its unique place in BMW history.
Imagine you are back in time 30 years, when a mid-engined BMW “supercar” is introduced,
combining Ferrari performance, Porsche fit, finish, and reliability, and drop-dead good looks penned
by Italdesign's Giorgetto Giugiaro. Its twin-cam, 24-valve, fuel-injected, dry-sump, 3.5-liter straight-6
engine, developing about 280 hp in standard form, pushes the 3,000 pound car to 60 mph in just under
six seconds, and to a top speed of 165 mph. (The power of the 40-some-odd race versions, of the type
driven by Marc Surer in the European Procar series, produced more than double that power.)
Reviews of the day, while citing the M1's performance, handling, and styling, also noted that here
was a reliable supercar, which didn't routinely foul its plugs or catch fire, and could be driven across
country without a ride-along mechanic! Today, some three decades after its debut, the M1 is still a joy
to drive, and a very comfortable two-place grand tourer (as long as you are not too tall). Its turbinelike
acceleration, snarly exhaust note, confidence-inspiring handling, and dramatic yet understated
lines helped to define the early supercar genre and still bring a smile to my face. No wonder five-time
Le Mans winner Derek Bell recently called the M1 “the McLaren F1 of its day.”
August 2009
45

Page 44

American Profile
1965 Chevrolet Chevelle Z16 Prototype
It's quite possible the Z16 was the first Chevrolet product to be powered by
the legendary big-block, beating its counterparts by a few weeks
by Thomas Glatch
Details
Years produced: 1965
Number produced: 201 (including two
prototypes and a one-off convertible)
Original list price: $4,500
SCM Valuation: $200,000–$325,000
Tune-up cost: $150
Distributor cap: $10.99
Chassis #: Driver's side A-pillar
Engine #: Pad forward of cylinder head
on right side
Club: The Z16 Registry
More: www.z16chevelle.com
Alternatives: 1969 Chevrolet Yenko
Chevelle, 1970 Chevrolet Chevelle LS6,
1970 Plymouth Hemi ‘Cuda
SCM Investment Grade: A
Comps
Chassis number: 138375B118040
able—the 375-horsepower Z16. With only 200 coupes
and one convertible slated for the market, a small number
of prototypes were built to ensure the final product would
stand up to the engine's massive power. This Regal Red
1965 Z16 is very special indeed, as it is the very first
prototype built by Chevrolet Engineering to test the concept,
and therefore the first SS 396 ever in that marque's
illustrious history.
Assigned to Chevrolet Engineering for the official
T
purpose of “experimental check,” the car began life on
the GM assembly line as a loaded SS 327, ordered at the
behest of Z16 project manager D.H. McPherson. After
delivery to GM Engineering, project personnel began
converting the car to Z16 specifications, fabricating and
fitting special components as testing progressed, with
successful parts then going into regular production. Once
it was completed and final testing finished, the car was
driven for several months by McPherson; it is also thought
that it spent time at both the Milford and Arizona GM
Proving Grounds, and was a member of the contingent of
Z16 Chevelles at the model's official introduction in the
spring of 1965.
It's most unusual for a 1960s big-block muscle car
to have remained for over 20 years in a state of almost
46
he early success of other GM division big-block
cars pushed Chevrolet to pump up the power in its
1965 Chevelle in a big way, stuffing the smallish
mid-sized mainstay with the hairiest 396 avail-
complete originality, yet that was its condition when Z16
expert Doug Garrett began its restoration in 1989. The
finished product reflects Garrett's famous attention to the
finest details, and the car remains in that same absolutely
correct as-original condition to this day. Close inspection
of this Z16 “genesis machine” reveals several fascinating
parts and pieces bearing unique details, including
special vendor tags and markings reading “Sample” and
“Experimental.” All these features have been faithfully
preserved by a series of high-profile collectors, and this
incredibly important machine is as complete as it was
on the day the Z16 concept was pronounced ready for
production.
SCM Analysis This car sold for $355,100, including
buyer's premium, at Mecum's
Original Spring Classic Auction in Indianapolis,
Indiana, on May 16, 2009.
While John DeLorean and Jim Wangers may have
defined the great American muscle car in the Pontiac
GTO, Chevrolet did a fine job of creating its own legend.
Legions of Chevelles, Impalas, Novas, and even
El Caminos were branded with SS 396, SS 427, and SS
454. Corvettes powered by the same big-block engines
earned their own legendary status, but the 1965 Chevelle
Z16 is one of the few Chevys to truly reach “Holy Grail”
status with collectors.
1965 Chevrolet Malibu SS Z16
Lot S112, s/n 138375K168758
Condition 1Sold
at $238,875
Mecum, Kissimmee, FL, 1/24/2008
SCM# 48836
1965 Chevrolet Malibu SS Z16
Lot S711, s/n 138375K176243
Condition 2Sold
at $154,000
Russo and Steele, Scottsdale, AZ, 1/15/2009
SCM# 119318
1965 Chevrolet Malibu SS Z16
Lot 660, s/n 138375K167389
Condition 2
Sold at $194,700
Barrett-Jackson, Palm Beach, FL, 3/27/2008
SCM# 116125
Sports Car Market
Mecum

Page 45

That Chevy never advertised the Z16
added to its mystique
One reason for the Z16 mystique is its rarity—just 201 were
built, and only 72 are known to survive. But Chevrolet did more
than just drop its all-new 396-ci, 375-hp “Mk IV” powerplant
into the Chevelle; it did the engineering and made the upgrades
to create an outstanding performance package. The Z16 option
included the stronger boxed frame from the Chevelle convertible,
the shortened rear axle and brakes from the Impala, and a heavyduty
suspension. The only transmission available was the stout
Muncie close-ratio 4-speed manual.
The rear of the Z16 had a unique black and chrome trim panel
that framed Chevelle 300-style taillights, and most every Chevelle
comfort and convenience option was included. And at a price of
around $4,500, they cost as much as many Corvettes that year.
The fact that Chevrolet never advertised the Z16 only added
to the car′s mystique, but GM did make sure the right people were
seen driving the cars, including the likes of Dan Blocker (Hoss
Cartwright of the “Bonanza” TV show), Motor Trend and Hot Rod
publisher Robert Petersen, Briggs Cunningham, A.J. Foyt, and Phil Hill, among others.
With the exception of the two prototypes built earlier, production of the Z16 began about
February 15, 1965, and ended in April. Casting dates show these to be powered by
some of the first 396 engines produced by the Tonawanda, New York, engine plant. It's
quite possible the Z16 was the first Chevrolet product to be powered by the legendary
big-block, beating its Corvette and Impala counterparts by a few weeks.
Fully documented as the original prototype
That makes the Z16 the first in a long line of legendary big-block Chevrolets, and
this particular Z16 is fully documented to be the original prototype. The car was
owned by some of the most prominent Chevelle authorities, including restorer Doug
Garrett, Mark Meekins, founder of the National Chevelle Owners Association, and
the late David Miner, founder of the Z16 Registry, all of whom helped to keep the
car so amazingly original. Because the Z16 is so highly
coveted, few are found on the marketplace, and Z16 #1
might not have come to market had not David Miner
passed from cancer.
This car sold for $412,500 in 2006, so we can only
assume the current economic conditions kept Mecum
from reaching a similar price, which makes it very well
bought in the long run. Keeping this car in perspective,
Z16 #1 sold for $100k more than the next highest Z16.
That's only fitting for the car that is truly the first in a
long line of legendary big-block Chevrolets. ♦
(Introductory description courtesy of Mecum
Auctions.)
August 2009
47

Page 46

Race Car Profile
1990 Ferrari 641/2 F1
The buzz at the auction was that this car was unusual and desirable in being
completely ready to run with the F1 Clienti. The buyer bought it for that purpose
by Thor Thorson
Details
Years produced: 1990
Number produced: 7 (1 destroyed, 6 exist)
Original list price: n/a
SCM Valuation: $350,000–$500,000
Cost per hour to race: $10,000
Chassis #: Tag on tub in cockpit
Engine #: Unknown
Club: Ferrari Owners Club
19051 Goldenwest St.,
Suite 106-328
Huntington Beach, CA 92648
More: www.ferrariownersclub.org
Alternatives: 1987 March Kraco Indy,
1993 Williams-Renault FW15C,
1987 Ferrari F1/87
SCM Investment Grade: B
Comps
Chassis number: 121
best season in years. Steve Nichols joined Ferrari from
McLaren in 1989 and thus inherited a John Barnarddesigned
car for the second time in his career.
His 1987 McLaren MP4/3 had been a logical devel-
F
opment of Barnard's last car for that team, and Nichols
decided not to make any drastic changes to the Ferrari
640 concept. A larger and more robust fuel tank was
utilized, the bodywork was revised, and huge advances
were made with both the sequential gear change and
engine development. Ferrari's V12 engine was acknowledged
to be one of the most powerful powerplants by
the middle of the season. The Ferrari 641 was a superbhandling
racing car, which Alain Prost described as
being “the best car on the grid.”
In 1990, chassis 121 had two 3rd place finishes—one
being in the season's final round in Australia—two 2nd
place finishes, and a dominant victory in the hands of
Prost in 1990. This car has since spent some time in both
the United States and in Japan in important private collections.
It was recently returned to the factory's expert
F1 Clienti department in 2008 for a no-expense-spared
overhaul at a cost of nearly $150,000. The work included
fitment of a brand new injection system, a new set of
gears for the sequential box, overhaul of the braking
system, and dyno testing of the engine.
No fewer than 360 hours were spent in overhauling
this important Ferrari racing car, and it was subsequently
shaken down at Fiorano in April 2008 by the
48
errari entered 1990 with a dream driver lineup.
Nigel Mansell was in his second season with the
Scuderia and Alain Prost was making his debut
with the Maranello team. Ferrari would have its
Ferrari test drivers, where it performed impeccably.
Ferrari F1 Clienti would welcome this car at any of its
events during the 2009 season and even at the Monaco
Historic Grand Prix in 2010.
SCM Analysis This car sold for $484,000, including
buyer's premium, at RM's Leggenda
e Passione auction in Maranello, Italy, on May 17, 2009.
Grand Prix cars have always been the ultimate form
of motorsport—the most technically advanced, least
constrained, and purest examples of what state-of-theart
engineering and stupid quantities of money can
create in a racing car. The unfortunate adjunct is that
they are also—from the standpoint of supporting and
running them—the most difficult, demanding, unforgiving,
and high-maintenance mistresses in the sport.
Don't get me wrong; they are almost without excep-
tion fabulous cars to drive, but from the 1930s to the
present, they have always been the province of people
who could write large checks. Anyone seriously considering
owning one needs to understand this going in. If
not, he's guaranteed to figure it out later.
F1 cars of the 1950s and '60s are simple
Like most mechanical systems, the complexity and
attendant difficulties in Grand Prix cars have followed
a roughly parabolic trajectory from the early 1950s to
the present. The cars of the 1950s and 1960s are relatively
simple to own and run; a mechanically competent
owner can keep and run one safely and competitively
with a minimum of assistance.
By the time we get to cars of the 1970s, keeping a
1987 Ferrari F1/87
Lot 343, s/n 099
Condition 1Sold
at $383,006
RM, Maranello, ITA, 5/18/2008
SCM# 116800
1986 Ferrari F1/86 Turbo
Lot 282, s/n 094
Condition 2+
Sold at $371,160
RM, London, UK, 10/31/2007
SCM# 48053
1990 Ferrari 641/2 F1
Lot 109, s/n 119
Condition 1-
Not sold at $650,000
Sotheby's, Maranello, ITA, 6/28/2005
SCM# 38629
Sports Car Market
Photos: Tom Wood

Page 47

GP car running is more the job of a competent race
shop than an owner-driver, mostly because the chassis
components were built as lightly as possible and require
constant attention. The Cosworth DFV engines and
Hewland transaxles that were ubiquitous during that
time are remarkably dependable, and the performance
levels, though very fast, are still within the range of
excellent but amateur drivers.
In the late 1970s, everything changed, first with the
advent of ground effects aerodynamics and then with
the 1.5-liter turbocharged era. The cars became too
powerful and demanding for any but the best professionals
to drive competitively, and the complexity of the
systems skyrocketed. Electronic engine management
arrived in the 1980s, along with pneumatic valves and
one- or two-race optimized components, with the result
that only the original teams had the computer programs,
knowledge, and capabilities to run the cars effectively.
After 1979, the idea of any amateur or privateer participation
in Grand Prix racing, either at the time or later
on in historic racing, was simply lost.
Contemporary historic racing reflects this fact.
Though there are places and events where you can go
and play with your 1980-and-newer Grand Prix car,
there are no serious organized racing series for cars
newer than 1979. Thus, buyers of these cars fall into one
of two categories: people who buy them more or less
as relics to keep on static display in collections; and
people who buy them for the thrill factor of being able to
occasionally drive one.
There is almost no transference between these two
approaches, the problem being that pneumatic valves
need constant gas pressure to keep them in place (there
are no valve springs as such). Operable cars are kept
with a nitrogen tank constantly hooked up, and if you
ever let things lapse, the valves fall open and tangle.
Then the only remedy is to rebuild the engine. The semiautomatic
paddle-shift transaxles are similarly vulnerable
to being ignored. Once a car has been allowed to
sit untended for any substantial period, you pretty much
have to start over before you can hope to run it.
For buyers in the second category, the ones who
actually want to experience the thrill of driving a contemporary
GP car, there is an excellent alternative (for
Ferraris, anyway). It's called the F1 Clienti Department
at Ferrari, but before embarking on this route, it is very
important to acquaint yourself with the most basic rule
of racing, to wit: The least expensive thing you will ever
do in racing is purchase the car.
I'm not kidding. Assuming you don't do something
really stupid, you can always resell a car like this for
something like its purchase price; it's a place to park
some money rather than being a cash drain. Having it
kept and properly maintained, though, plus participating
in the various events organized so you can play with
it, involve costs that make running the horse racing
circuit look like a bargain.
You're only allowed to show up and drive
It's instructive to note that the catalog states that
about $150,000—roughly a third of the hammer price
for the car—had just been spent getting the car up to
speed as an F1 Clienti runner (and they didn't rebuild
the engine). I'm told that if you want to run your Ferrari
with F1 Clienti, they will insist that they store it, main-
tain it, transport it, and support it at events; the owner is only allowed to show up, get
in, and drive.
I completely understand this. F1 Clienti is the responsible party, and the consequences
of anything going wrong are serious or worse, so control of everything is necessary. But
this both makes it very expensive and limits the joy of ownership. The car is never going
to be in your garage for your friends to drool over; you'll have to impress them with
photos. And you can only go play when F1 Clienti organizes something.
The buzz at the auction was that this car was unusual and desirable in being com-
pletely ready to run with the F1 Clienti. The buyer clearly bought it for that purpose
and paid a substantial premium over what non-runners have sold for just to do so.
I know several SCMers who have owned and played with Ferraris like this, and the
experience is apparently spectacular, to the point of mental overload.
It's brutally expensive for very little track time, though, and not appropriate for
anyone who has to be concerned about shelling out tens of thousands of dollars for an
occasional 20 minutes of scaring himself silly. Assuming a qualified buyer knew exactly
what he was buying into when he raised the paddle, the car was fairly bought. ♦
(Introductory description courtesy of RM Auctions.)
August 2009
49

Page 48

Market Reports Overview
Ferraris Lead $43m in Spring Sales
RM's Ferrari 250 TR set a new world auction record at $12.4m, but a number
of other million-dollar cars were much more difficult to sell
by Jim Pickering
T
he late spring and early summer months are traditionally
some of the most popular times to buy
within the collector car market, and recent sales
worked hard to capitalize on that interest with a
number of rare and high-end consignments available
at numerous locations around the world. However, the
market as a whole continued to be a challenging place,
and although some new records were set, most auctions
saw a drop in final totals from this time in 2008.
Some of the biggest news in recent months was RM's
consignment of a 1957 Ferrari 250 Testa Rossa to its
annual Leggende e Passione sale at the Ferrari factory
in Maranello. The buzz throughout the auction world
was that it would set a new world record, eclipsing the
$10.9m achieved for the James Coburn Cal Spyder sold
there last year. And set a new record it did, bringing a
remarkable $12.4m for its seller. Senior Auction Analyst
Paul Hardiman also noted that despite a minor accident
involving a 1956 Ferrari 250 GT Tour de France, it still
made $3.2m, possibly buoyed by the repairs, which
brought the car closer to its original as-raced shape. In
total, 27 of 36 cars sold for a final total of $28.4m—a
significant drop from last year's $43.3m from 33 of 46.
Held the same weekend as RM's Maranello event,
Bonhams's annual Monaco sale saw 46 of the 92 lots
offered bring a final total of $6.2m. Auction Analyst
Jérôme Hardy witnessed a lack of big-ticket items on the
consignment list this year compared to years past, which
led to results falling relatively distant from last year's
$12.7m. Still, four cars sold at over $500k, and one of
them, a 1990 Ferrari F40 LM Competition, brought
$1.3m—the high sale of the event.
In early May, Senior Auction Analyst Carl Bomstead
made his way to the Lakewood Yacht Club in Seabrook,
SCM 1-6 Scale
Condition Rating:
1: National concours standard/
perfect
2: Very good, club concours,
some small flaws
3: Average daily driver in decent
condition
4: Still a driver but with some
apparent flaws
5: A nasty beast that runs but
has many problems
6: Good only for parts
50
$28,430,845
Sales Totals
RM Auctions, Maranello, ITA
Bonhams, Monte Carlo, MCO
Worldwide Group, Seabrook, TX
RM Auctions, Novi, MI
Carlisle Auctions, Carlisle, PA
$1,734,611
$2,102,530
$4,961,250
Texas, for the Worldwide Group's annual Houston Classic auction. Although this
year's sale saw a number of seven-figure cars consigned, Bomstead says that many of
them failed to sell after being bid to below their sellers' expectations, including a 1936
Delahaye 135S Competition teardrop coupe that was bid to an insufficient $2m. The
high sale of this year's event went to a 1936 Auburn boattail speedster at $291,500, and
at the end of the day, 68 of 106 lots had traded hands for just under $5m.
Carlisle Auctions held its annual Spring Carlisle sale in late April, and Auction
Analyst Chip Lamb was there to cover the lots on offer. Of 221 cars available, 101
were sold, bringing a final total of $1.7m, against last year's $2m for 106 of 238 cars.
This year's auction had been moved up a day, starting on Thursday instead of Friday,
and Carlisle's free consignment incentive returned, along with the All-Original Hour
on both days of the event. Lamb found plenty of affordable classics available, led by a
1956 Chevrolet Corvette roadster at $54,600.
Late April saw RM Auctions return to Michigan for its annual Novi sale, where 121
of 252 cars sold for a final total of $2.1m, a significant drop from the $6m of 2008 but
in line with results of previous years. Auction Analyst Phil Skinner noted that interest
was still relatively high here despite a troubled economy in southern Michigan, with
many cars bringing respectable prices across the block. This year's high sale went to a
1950 Flxible coach at $90,720, while a 2004 Dodge Viper RT/10 made $53,900.
Finally, Geoff Archer's report on recent eBay Motors sales reveals the dangers of
having a couple of cars, a few tools, and a whole bunch of spare time. ♦
Top 10 Sales This Issue
(Land Auctions Only)
1. 1957 Ferrari 250 TR sports racer,
$12,402,500—RMI, p. 54
2. 1956 Ferrari 250 GT TdF coupe,
$3,176,250—RMI, p. 54
3. 1959 Ferrari 250 GT LWB California Spyder,
$2,911,563—RMI, p. 56
4. 1990 Ferrari F40 LM Competition coupe,
$1,302,075—Bon, p. 86
5. 1966 Ferrari 275 GTB Alloy coupe,
$1,096,563— RMI, p. 57
6. 1965 Ferrari 500 Superfast coupe, $983,125—RMI, p. 57
7. 1966 Ferrari 275 GTB/6C coupe, $907,500—RMI, p. 57
8. 1966 Porsche 906 prototype racer, $782,325—Bon, p. 80
9. 1963 Ferrari 250 GTL Lusso coupe, $605,000—RMI, p. 56
10. 1985 Ferrari 288 GTO coupe, $529,375—RMI, p. 60
1. 1971 Citroën DS21 cabriolet,
$89,500—Bon, p. 78
2. 1947 Cadillac Series 62 sedan,
$7,875—Car, p. 66
3. 1933 LaSalle 345C sedan,
$37,400—WWG, p. 106
4. 1957 Ferrari 250 GT Ellena coupe,
$378,125—RMI, p. 54
5. 1966 Chevrolet Nova SS 2-dr hard
top, $10,010—RMN, p. 94
Sports Car Market
Best Buys
$6,209,906

Page 50

RM Auctions Maranello, ITA
Ferrari Leggenda e Passione
1957 Testa Rossa 0714TR lived up to expectations and set a world record for
a car sold at auction, pulling down $12.4m
Company
RM Auctions
Date
May 17, 2009
Location
Maranello, Italy
Auctioneer
Peter Bainbridge
Automotive lots sold / offered
27/36
Sales rate
75%
Sales total
$28,430,875
High sale
1957 Ferrari 250 Testa Rossa,
sold at $12,402,500
Buyer's premium
250 TR: A new world record is set
Report and photographs by Paul Hardiman
Market opinions in italics
$12.4m. After all the worldwide hype, it had to
sell, and it did, though it just failed to crack the
psychological (for Brits) £10m barrier.
Sensible prices abounded, with only a few cars ex-
R
ceeding their estimates and some of the bigger lots failing
to reach reserves. RM had done well to offer a mostly
impressive array of Ferraris at its annual Maranello sale
in association with Sotheby's, with all cars certified by
Ferrari Classiche, including two collections.
One was a Dutch-owned clutch of eight coachbuilt
cars, from a Bertone-bodied 250 SWB to a charming
two-tone 1949 166 Inter by Stabilimenti Farina with
intriguing dog-leg doors that was on show but was sadly
withdrawn before the sale. They hadn't skimped on the
catalog either, artfully and expensively photographed
with, for example, the very appealing Mondial shot in
a “barn find” setting, as if to authenticate its well-used
appearance. Not that it needed it, as it was just right.
Sadly, it too was withdrawn before the sale.
It's slightly uncanny to check out a bunch of cars
with the background harmonic wail of Ferrari V12s
on the Fiorano test track just the other side of the wire.
Horror stories about the 1956 250 Tour de France being
totaled before the sale were wildly exaggerated. Yes, an
RM employee did bend it lightly days before the auction
52
M lived up to expectations and set
a new world record for a car sold at
auction with the well-publicized 250
Testa Rossa, s/n 0714TR, pulling down
Maranello, ITA
after running out of road, and yes, RM did fly out two body men from Ontario to fix
it (strange in the land of the artisan panelbeater—coals to Newcastle, as we say), but
that happily gave the opportunity to reshape the nose back to the form in which it
placed highly on those famous tours.
An RM spokeswoman said, “Overall, it was a great weekend and standing-
room only in the auction room as discerning collectors from around the
world—including from across Europe, North America, and as far away as
Saudi Arabia, the United Arab Emirates, and Japan—sought to acquire
their very own piece of Ferrari history. The international interest shown in
the auction, coupled with the level of bidding, demonstrates the collector car
market is still extremely robust.”
The TR looked a little overwhelmed and lost during viewing, centered unblinking on
the spacious stage between the fierce P4 and the TdF, both with several notches on their
saddles and more heroic stories to tell. Rob
Myers, CEO and founder of RM Auctions,
said, “The 250 TR is a rare, highly desirable,
and extremely sought-after racing Ferrari with
impeccable history and provenance, which
contributed to its record-breaking sale price
today.”
Previous world records have been a 1931
Bugatti Royale sold by Robert Brooks at
Christie's in 1987 for $9.8m and a 1961 Ferrari
250 GT SWB California Spyder, formerly the
property of actor James Coburn, which RM
sold last year at Maranello for $10.9m. RM
now holds five of the top ten world records
for the most expensive motor cars sold at
auction. ♦
$10m
$20m
$30m
$40m
$50m
Sales Totals
2009
2008
2007
10%, included in sold prices
($1.375 = €1.00)
Sports Car Market

Page 52

RM Auctions Maranello, ITA
#225-1949 FERRARI 166 INTER coupe.
S/N 017S. Eng. # 017S. Red/beige velour. RHD.
Odo: 12,947 miles. Coachwork by Touring.
A three-owner car. Restoration from the late
'90s now shows a few polish marks in paint.
Unmarked velour seats, dash and Jaeger instruments
all good. Stainless exhaust looks recent.
and this one was certainly striking, which is
what attracted collector Edgar Schermerhorn
to it in 1999. Originally supplied to the U.S,
then back to Europe via Italy in 1986. Slightly
behind the low estimate, but price paid here
was fair.
TOP 10
No. 2
#232-1956 FERARRI 250 GT Tour
de France coupe. S/N 0563GT. Eng. #
0563GT. Blue/tan leather. Coachwork
by Scaglietti. Last of eight in its original body
style, always in these colors. Several TdFs under
its belt, best fifth overall in '57. In the U.S. from
'59, restored 1990. Clean and tidy mechanically,
with new leather and carpets. Overall perfect
condition, apart from crack in windshield and
small scratches in left front bumper. Interesting
#226-1956 FERRARI 250 GT Boano
coupe. S/N 0569GT. Eng. # 0569GT. Blue &
silver/beige leather. Odo: 12,117 miles. From
the second series of 3-liter road cars, with
aluminum “low-roof” body by Boano, one of
22 built. Restored in the '80s. Body and paint
Cond: 2+. SOLD AT $355,438. Last sold by
Bonhams & Brooks in Gstaad in December '00
for $245,967 with 79,111 miles and rated as
a 2- (SCM# 10686). It was considered cheap
then, and while the price paid here was more
realistic, it was still 20% under estimate.
#224-1950 FERRARI 195 INTER coupe.
S/N 0105S. Eng. # 0105S. Red/red leather.
RHD. Odo: 59,086 km. One of only around
35 Ferraris bodied by Ghia. Body and paint
perfect, rechrome shows no flaws. Deco instruments
nearly perfect, new leather settling in
footnote to history is that it was bent by an RM
employee days before the sale, and hurriedly
straightened—giving an opportunity to reshape
the nose as per original. Cond: 2+. SOLD AT
$3,176,250. Not sold by RM in Monterey in
August '08 at $3,900,000 (SCM# 117468), and
to quote RM's Don Rose, “It was always going
to sell here.” The nose job was faultless and
probably enhanced its appeal and value. Price
for this very desirable Ferrari, eligible for all
the best events, though slightly less than RM
might have hoped for, pegged today's market
spot-on.
nicely. Fitted with Borranis. Cond: 2+. SOLD
AT $398,750. Originally sold to Milan, in the
U.S. by 1960, in Japan and Germany before
entering the collection of Edgar Schermerhorn.
Sold after the sale for fair money each way.
#229-1953 FERRARI 212 INTER Europa
coupe. S/N 0287EU. Eng. # 0287EU. Red/
beige leather. Odo: 51,950 km. Coachwork
by Vignale. Body straight and door fit good,
various cracks and marks in 27-year-old paint.
Newish-looking leather, or possibly older
with very little use. Motor rebuilt in 1999 and
painted. Fitted with Borranis. Cond: 2-. SOLD
AT $468,875. No two Europas are exactly alike,
#215-1956 MASERATI 250F Grand Prix
monoposto. S/N 2526. Eng. # 2526. Red/aluminum.
Coachwork by Fantuzzi. The Ex-Stirling
Moss, 1956 GP-winning 250F. Tidy but wellraced
condition, with Moss' signature on nose.
Was injected, now on Webers, differs slightly
in detail appearance from original. Was 2523 in
'57-'58, at one point fitted with 3-liter motor,
show well, apart from a couple of pings or
bubbles in hood. Chrome good, leather lightly
creased. Fitted with Borranis. Dutch registration.
Cond: 2+. SOLD AT $552,063. Like an
Ellena, but rarer and arguably more elegant,
so commensurately slightly more expensive.
From the Schermerhorn Collection, and sold
on the money here.
TOP 10
No. 1
#237-1957 FERRARI 250 TR sports
racer. S/N 0714TR. Eng. # 0714TR.
Black/red leather. Coachwork by
Scaglietti. The grandaddy. Fourth TR of 34
built (21 like this with pontoon fenders), and
the second customer car. Originally finished
in white for Piero Drogo, who added the
brake scoops. Not huge period race history,
but won SCCA events in this color scheme
with second owner Alan Connell. Lost then
reunited with original engine, in Japan from
1984. Following restoration back to Connell's
colors, pretty much perfect, with deep paint
and seat leather just settling in. Cond: 1. SOLD
AT $12,402,500. Rarer than a GTO, and after
being heavily marketed by RM, including
magazine features, it was expected to make a
new world record price. The result wasn't too
shabby, and it re-establishes the benchmark
we all knew but were getting nervous about.
A crucial sale: sighs of relief all around. See
the profile, p. 36.
then as a V12 development car and raced twice
in that configuration. Sold off by factory in '58
with '57-type lightweight body and motor and
identity from 2526. Maserati certified. Cond:
2. NOT SOLD AT $1,856,250. From the collection
of Peter Heuberger, who has enthusiastically
raced his cars and has now decided
it's someone else's turn. This bid was at least
a half million short of where he wanted it to
be, but it's had a rather checkered history. Well
documented, though, and should have sold at
this price.
54
#209-1957 FERRARI 250 GT Ellena
coupe. S/N 0819GT. Eng. # 0819GT.
Red/tan leather. Odo: 6,786 km. The
26th of 50 like this by Carrozzeria Ellena.
Last year, we said: “Frame-off restoration
to concours standard in the '90s still shows
well. Paint superb with excellent panel fit. All
chrome, glass, and rubber perfect, polished
Borranis flawless. Interior retrimmed recently
with new everything. Tripmaster and electrical
cut-off used during five participations in the
Mille Miglia by its German owners. Well done
Sports Car Market
Pieter E Kamp

Page 54

RM Auctions Maranello, ITA
#222-1961 FERRARI 250 GTE 2+2 coupe.
S/N 3227GT. Eng. # 3227GT. Grigio Argento/
tan leather. Odo: 38,471 km. Coachwork by
Pininfarina. Almost a mass-production Ferrari,
with almost 1,000 made. Very straight and
proper body, nice paint, good chrome, newish
bumper. Cond: 2+. SOLD AT $605,000. This
had been in Switzerland most of its life, with
one owner keeping it 35 years. Almost faultless,
but you have to ask whether with one long-term
owner it could have been left original. About on
the money either way.
throughout.” Five miles and a year later it's the
same, but now with one tiny rust bubble in left
A-pillar. Cond: 1-. SOLD AT $378,125. Last
sold here in '08 at $595,788 (SCM# 116728),
and before that, failed to sell at the Tokyo
Auction for $240,000 in March '92 (SCM#
17942). Last year the price was considered
high, and this time it was low, but it was offered
this time with no reserve, so presumably the
owner wanted out.
TOP 10
No. 3
#234-1959 FERRARI 250 GT LWB
California spyder. S/N 1487GT.
Eng. # 1487GT. Blue/red leather.
Odo: 4,799 miles. Coachwork by Scaglietti
to a Pininfarina design. Platinum award-winning
car with period race history. Was owned
by the Rodriguez family in Mexico, raced by
Pedro, then owned by John Mecom. Restored
#216-1964 FERRARI 250 GTL Lusso
Competizione coupe. S/N 5367GT. Eng.
# 5367GT. Blue/beige lether. Odo: 17,452
km. Coachwork by Scaglietti to a Pininfarina
design. Body nice and straight with air vents
where front fogs used to be. 1999 restoration
and repaint in original colors, fresh exhaust
system and mounts. Some grubbiness to leather,
which looks original. Motor with GTO cams
leather, motor tidy. Fitted with Borranis. Cond:
2. SOLD AT $158,813. From the collection
of Edgar Schermerhorn, who likes offbeat
coachbuilt Ferraris. This one's stock and sold
for a market-correct price, and it's now expensive
enough not to be in danger of being made
into an SWB replica.
#213-1962 FERRARI 250 GT SWB
California spyder. S/N 3119GT. Eng. #
3119GT. Red/tan leather. Odo: 50,999 km.
Coachwork by Scaglietti to a Pininfarina design.
Former concours winner with nearly perfect
body, only flaw is tiny nick in driver's seat.
Supplied new to Belgium, in U.S. by 1970. In
and six carbs almost from new, good comp
history includes fifth in class in '64 Tour de
France. From the Peter Heuberger Collection.
Cond: 3+. NOT SOLD AT $790,625. Worth
more than a perfectly restored original road
car, yet still streets behind an SWB or 275 GTB.
This car had good history, but this bid was just
a little over half of what was required to move
it to a new home.
#206-1965 FERRARI 330 GT 2+2 Series
in England in 2000, more work done in the
U.S. around 2004. Perfect body, but new red
leather too bright. Refurbed dash top. Cond: 1.
SOLD AT $2,911,563. With an illustrious list
of owners and race history, this was one of the
most desirable LWBs, so it's better than money
in the bank. The only surprise would have been
if it hadn't sold for this.
#217-1960 FERRARI 250 GT SWB
Speciale Bertone coupe. S/N 1739GT. Eng.
# 1739GT. Silver/red leather. Bertone special
body, designed by Giugiaro on the third 2,400mm
SWB chassis. Red cam covers from new.
Most Elegant of Show at Pebble Beach in 1983
I coupe. S/N 6397. Eng. # 6397. Red/black
leather. Odo: 47,962 km. Coachwork by
Pininfarina. Appears good from a distance, but
rear arch radius is a bit freehand and there are
current ownership only since 2007 and offered
like a lamb to the slaughter after last year's record
price for 2377GT (SCM# 116785). Cond:
1-. NOT SOLD AT $5,500,000. Chris Evans
is a very rich man who knows what he likes,
and he paid top dollar for the similar 2377 last
year. Those looking for a new yardstick were
disappointed.
TOP 10
No. 9
#212-1963 FERRARI 250 GTL
Lusso coupe. S/N 4405GT. Eng. #
4405GT. Red/tan leather. Odo: 80,793
km. Coachwork by Scaglietti to a Pininfarina
design. Recently restored. The fourteenth built
of the last and arguably most gorgeous of the
250 GT series. Excellent panel fit and paint,
new Borranis, new Luppi interior. Replated
chrome nice, apart from small blemishes in rear
and still in impeccable order. Cond: 1. NOT
SOLD AT $2,200,000. Not sold for about
SWB money, which means it's too expensive
to be given a regular body but too pricey for
a weirdie, even though the top bid fell $800k
short of lower estimate and presumably the
reserve.
56
a few paint imperfections. Dash and instruments
good, leather nicely aged. New exhaust
fitted, sits well on nice set of Borranis. Cond:
2. SOLD AT $83,188. Sold slightly under the
lower estimate of $85k, but a fair price for a
car with a bit of character. On the money.
#208-1965 FERRARI 275 GTB/C
Competizione Clienti coupe. S/N 07545. Eng.
# 07545. Red/black leather. RHD. Odo: 75,935
miles. Coachwork by Scaglietti to a Pininfarina
design. One of ten second-run Competizione
Clienti cars built, well-raced with lots of history
and an illustrious list of owners, including
Frank Gardner. Following ongoing restoration,
body straight and door fit good, one tiny ding
in grille mouth. Hardly worn black leather,
front sits on weird inset Borranis. Not the most
exotic of the factory 275 specials, but probably
Sports Car Market

Page 56

RM Auctions Maranello, ITA
TOP 10
No. 5
#233-1966 FERRARI 275 GTB
Alloy coupe. S/N 08225. Eng. #
08225. Yellow/black leather. Odo:
48,195 km. Coachwork by Scaglietti to a
Pininfarina design. Restored in the late '80s
in Los Angeles, after which it won several
concours and four Platinum awards in eleven
years. Body still straight, with good door and
the easiest to live with. Cond: 2. NOT SOLD
AT $1,718,750. Something over $2m would
have bought it. It cost almost $10k new! That
was then the price of a nice, large detached
house in England, and currently they're $800k;
tell me your money's better in the bank...
TOP 10
No. 6
#223-1965 FERRARI 500
SUPERFAST coupe. S/N 6043SF.
Eng. # 6043SF. Verde Scuro/black
leather. Odo: 15,591 miles. Coachwork by
Pininfarina. Completely original and practically
as new. Straight and shiny body under
original paint, chrome shows a few small
panel fits and the right panel joints still showing.
Hardly used black leather, new carpets,
refurbed wheels. Still with tool roll, books, and
manual in leather wallet. Cond: 1. SOLD AT
$1,096,563. The fact that this was an alloybodied,
long-nose, torque-tube car made it one
of the more desirable examples available, and
this was the right money for a very nice car.
#220-1967 FERRARI 330 P4 racer. S/N
marks, windshield scratched by wipers. Lightly
creased leather in well-fitted interior. Won Best
of Show at Paleis Het Loo in 2001. Cond: 1-.
SOLD AT $983,125. First owned by Lord
Hanson, then Edgar Schermerhorn. This was
all the money (50% over estimate) but that's
irrelevant when you're looking at a car done to
this level. Find another as good...
TOP 10
No. 7
#218-1966 FERRARI 275 GTB/6C
coupe. S/N 08895. Eng. # 08895.
Silver/black leather. Odo: 94,178
km. Coachwork by Scaglietti to a Pininfarina
design. Long-nose, six-carb, torque-tube car.
Repaint with no issues, door and window seals
good, left rear alloy lightly marked, refinished
exhaust with new hangers and heat shields.
0858. Eng. # 0858. Red/red & black vinyl.
RHD. Coachwork by Carrozzeria Sports Cars.
The middle of three built, driven as a 4-liter by
Bandini, Mairesse, Stewart, and Amon. Won
at Monza, took third at Le Mans in '67, then
chopped for BOAC 500 and was further modified
for Can-Am in '68. Motor clean and tidy,
panel fit approximately as-original, one side
good body and paint with no visible issues,
redone chrome and refurbed alloys show well,
leather only lightly creased. Cond: 2+. SOLD
AT $105,875. This was offered without reserve,
but even so, it hit the high end of what was expected.
Well sold.
#227-1970 FERRARI 365 GTB/4 Daytona
coupe. S/N 13653. Eng. # 558. Silver/red &
black leather. Odo: 6,626 km. Coachwork by
Scaglietti to a Pininfarina design. Body and
paint good, trunk lid fit a bit low, dash top
good, lovely patina to leather despite seats
having been restored in 2008. New exhaust
and hangers. Originally blue, but attractive in
unusual silver with Borranis. Cond: 2+. SOLD
AT $287,375. From the collection of Edgar
Schermerhorn and sold for all the money. The
original alloys were included in the deal, but
that was a drop in the ocean. Considering the
Daytona trend looked downward recently, this
was well sold at what would have been good
money a year ago.
#214-1971 FERRARI 365 GTB/4 Daytona
spyder. S/N 14543. Eng. # B1152. White/black
& red leather. Odo: 3,702 miles. Coachwork by
Scaglietti to a Pininfarina design. Appears to be
a perfect restoration, but completely original,
apart from repaint and suspension rebuild since
2006. Brightwork original, leather original and
lightly creased. Never titled, formerly owned
window cracked. Worn seats nibbled out for
belts, some rivets almost obscured by layers
of paint. U.S. title. Cond: 3. NOT SOLD AT
$9,968,750. These just don't appear on the market,
and this came from 38 years of ownership,
so it was interesting to see what sort of value
would have been placed on this had it sold. I
hear David Piper, who once owned the car, has
an original body for one of these. How much
might it bring as a coupe?
#201-1969 FERRARI 365 GT 2+2 coupe.
S/N 12945. Eng. # A1480. Red/tan leather.
Odo: 104 km. Coachwork by Pininfarina. Very
Leather slightly worn, airbox not fitted but
comes with car. Sold with original papers and
invoices, tool roll, handbook, and even an
original Ferrari duster. Cond: 2-. SOLD AT
$907,500. The best spec, complete history, and
fine, usable condition meant this was going to
fetch the money, which it did to the tune of 30%
more than expected. But in five years' time, I
don't think this price will look expensive.
58
by both William Harrah and Dr. Jack Frost.
With original tires, factory tool roll, and all
papers and books. Cond: 2+. NOT SOLD AT
$1,031,350. A once-in-a-lifetime opportunity
that nobody here chose to take. The top bid
was close, but not quite close enough for the
seller. Does he gamble on Monterey or wait for
another try at the same time next year?
#211-1972 FERRARI 246 GTS Dino targa.
S/N 05104. Eng. # 10252. Red/black vinyl
& red carpet. Odo: 74,020 km. Coachwork
by Scaglietti to a Pininfarina design. Straight
body, bent sill by right-hand jacking point. New
carpets, wipers mixed up and scratched windshield.
Motor dry and tidy, but it wouldn't start
Sports Car Market

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RM Auctions Maranello, ITA
range. Well bought, compared to its last auction
appearance, as this is what you pay for an
original in this market.
#221-1973 FERRARI 365 GTB/4 Daytona
on viewing day. Cond: 3. SOLD AT $143,688.
This car didn't exactly win confidence, and
I still don't understand why this lumpy GTS
fetched so much more than the coupe, which
was in much better condition and had a great
look. Well sold.
#231-1972 FERRARI 365 GTC/4 coupe.
S/N 16063. Eng. # 00326. Metallic blue/offwhite
leather. Odo: 55,252 km. Coachwork
by Scaglietti to a Pininfarina design. Good
straight body recently repainted in the right
color. Refurbished wheels, retrimmed interior
did drainpipe exhausts. An old warhorse with
lots of patina, although fully sorted by Roelofs
and reportedly on the button. Cond: 3+. NOT
SOLD AT $2,887,500. With great history and
all original major components, this is one of the
most desirable Daytonas, but it fell about $500k
short of its reserve on the day. Strange, as it's a
magnificent beast with all the money spent, and
it's eligible for many prestigious events.
#207-1974 FERRARI 365 GT4 BB coupe.
and dash top excellent, new exhaust. No early
history. Cond: 2+. SOLD AT $151,250. In this
ownership only since 2008. Although this one
was some way over its reserve, these “cutprice
Daytonas” represent very good value for
money, and this was still a decent deal at the
price paid.
#202-1973 FERRARI 246 GT Dino coupe.
S/N 07186. Red/black vinyl. RHD. Odo:
40,470 miles. Coachwork by Scaglietti to a
Pininfarina design. Right-hand drive, English
registration. Clean and shiny paint, door to
front fender fit isn't the best, but “factory
genuine fit and finish” shows what the originals
were like, as it's claimed to have been only
mechanically refurbed and never restored. A
few small paint nicks in door frames, engine
lid fits well. Cond: 2. SOLD AT $113,438. Last
seen at RM's Maranello sale in May '08, where
it sold at $170,225 (SCM# 116739). There was
a wide estimate of $100k to $150k given on
this one, and it sold near the lower end of that
S/N 17927. Eng. # 000125. Rosso Dino/Crema
leather. Odo: 43,537 km. Coachwork by
Scaglietti to a Pininfarina design. Very straight
and sharp, with a few swirl marks in repaint.
Smells new inside, leather lightly creased but
not worn. Motor clean and tidy, new exhaust
fitted. Nice Campagnolos; original Cromodoras
and tires behind car are presumably included in
the deal. Early cars are the most desirable, and
AT $90,750. Four owners from new, none of
whom drove the car much, but rather preserved
this as one of the last cars of the Enzo era. Not
this sale's usual fare, but was included due to
its very low mileage. Not the most elegant of
the series and twice the price of an “average”
example, but it'll be hard to find a better one.
#236-1991 FERRARI F40 coupe. S/N
ZFFGJ34B000088835. Red/red Nomex. Odo:
21,440 km. Coachwork by Pininfarina. Nonadjustable
suspension, delivered new with
catalytic converters. Apparently uncrashed
and generally unscuffed, including wheels
Competizione Group 4 racer. S/N 16363. Eng.
# B2146. Red & white/blue & black velour.
Coachwork by Scaglietti to a Pininfarina design.
Original Pozzi racer as driven by Claude
Ballot-Léna and Vic Elford to class victory at
Le Mans in '73 and raced since, with last event
sticker from the 2005 Spa 6 Hours. Sandblasted
at front with minor chips and scratches, splen-
Orange peel in paint as per original, leather like
new. Cond: 2+. SOLD AT $529,375. Supplied
new to the U.K, more recently in Asia. More
desirable than its younger sister, partly due to
much lower numbers, and that was shown in
the price—$136k more than a similar-condition
F40 in the same sale.
#219-1989 FERRARI 328 GTS targa.
S/N 82103. Eng. # 18665. Red/tan leather.
Odo: 2,309 km. Looks and smells like new.
Unworn leather, proof marks still on hoses.
Already had a belt change at 1,750 kilometers
in 2001. German registered. Cond: 1. SOLD
this one tugged at my heart-strings. Cond: 2+.
SOLD AT $173,938. Originally supplied by a
Verona dealer, last sold by Bonhams at Gstaad
in December '03 for $90,383 with 42,992 kilometers
(SCM# 31741). This time it sold without
reserve, but RM got it up to a market-sensible
price. With the extra wheels in the equation, it
was slightly well bought.
TOP 10
No. 10
#204-1985 FERRARI 288 GTO
coupe. S/N 56337. Eng. # 187.
Red/black leather. Odo: 14,057 km.
Coachwork by Pininfarina. The forerunner of
the F40, with a/c and power windows from new.
Used, but with no significant scuffs or marks.
60
and seats, several tiny touched-in paint chips
up front. Noted to have the curious little crack
which always seems to appear in the left rear
pillar. Italian registration. Cond: 2. SOLD AT
$393,250. Although sold slightly over what was
expected, it was cheaper than the 288 GTO in
the same sale, which orders their relative desirability
20 years down the line.♦
Sports Car Market

Page 60

Carlisle Auctions Carlisle, PA
Spring Carlisle Collector Car Auction
From low-mileage cars like those offered in the All-Original Hour to
interesting sports, muscle, and luxury cars, there was something for everyone
Company
Carlisle Auctions
Date
April 23–24, 2009
Location
Carlisle, Pennsylvania
Auctioneer
Jeffrey Knosp & Jim Landis
Automotive lots sold / offered
101/221
Sales rate
46%
Sales total
$1,734,611
High sale
1956 Chevrolet Corvette 283
convertible, sold at $54,600
Buyer's premium
5%, included in sold prices
1966 Plymouth Satellite made $25k
Report and photos by Chip Lamb
Market opinions in italics
ing times every year.
Signaling the beginning of the car
P
show and swapmeet season, the spring
event in late April marked its 32nd year
with a spectacular swapmeet under clear skies and great
temperatures, and the fourth installation of the Spring
Carlisle Collector Car Auction held across the street.
The auction, now on Thursday and Friday rather than
Friday and Saturday, capitalized on many of the same
high points the event organizers found to be a formula
for success during the last three years, including AllOriginal
Hour on both days, as well as the free consignment
incentive now extended to the first consignment
received from each individual and not just lots consigned
before a certain date.
Carlisle's inventory of cars this time around was
made up of affordable classics similar to those found
throughout the Car Corral on the fairgrounds side. From
special low-mileage cars like those offered in the AllOriginal
Hour to interesting sports, muscle, and luxury
cars, there was definitely something for everyone at
ennsylvania's Carlisle remains a
utopia to the tens of thousands
of automotive hobbyists who
trek to the fairgrounds at vary-
some fairly incredible prices to boot.
A 1975 Mercedes-Benz 280C in a period triple-green color combi-
nation and with just 33,000 miles on the clock sold for under $15,000
Thursday night, while a 1976 Rolls-Royce Silver Shadow in an at-
tractive pearlescent white changed hands for under $9,000 on Friday.
To benefit the Chip Miller Charity, the Millers offered one of their
former Bondurant Racing 2003 Corvette C5s on Friday night, a car
that brought just over $15,000
and was perhaps the best value of the night.
The high sale was another Corvette, but
this one a 1956 model that had failed to sell at
this site the previous October. It was an older
restoration but likely a good driver and found
a home for $54,600, proof positive that early
V8 Corvettes have lost little traction even in
these financially challenging times.
Carlisle's loyal attendees continue to prove
that the hobby is stronger than fears about the
economy. While totals were down from the
previous year, both the bidders' seating area
and the seating area for the crowd cheering on
the buyers and sellers were filled, and given
the quality of lots on offer, it's little wonder
that founder Bill Miller was pleased with the
way the weekend went. ♦
$500k
$1m
$1.5m
$2m
$2.5m
$3m
Sales Totals
2009
2008
2007
2006
62
Sports Car Market

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Carlisle Auctions Carlisle, PA
ENGLISH
#F164-1960 MG A roadster. S/N
HDK4372384. Black/black cloth/red leather.
Odo: 2,979 miles. A former winner of Radnor
Hunt Concours d'Elegance. Very slight mottling
under lustrous paint, bodywork excellent
throughout, chrome and brightwork without
issue. Interior overdone in red leather, no top
or bows present at this sale. Engine compartment
exhibits similar but not visually identical
MG B 1800-cc engine and 4-speed transmission.
Cond: 2+. SOLD AT $38,850. Last seen
at Bonhams & Butterfields' Greenwich sale
in June '08, where it failed to sell at $25,000
(SCM# 116962), and then at RM's Vintage
Motorcars of Hershey, where it sold at $35,200
(SCM# 118269). I thought this was all the
money for an MG resto-mod last fall, so this
can be considered an even better sale here.
#F177-1976 ROLLS-ROYCE SILVER
SHADOW saloon. S/N SRE23726. Pearl white
metallic/magnolia leather. Odo: 28,857 miles.
Older pearl white respray heavy in places and
cracking lightly, chrome and brightwork older
but well preserved. White jambs solid and do
not match finish. Interior nice but shows it was
redyed from a darker color. Wood appears redone.
Engine bay clean but dryer air inlet duct
detracts and will not last long. Engine runs
dry, seats exceptional, door panels cut for
speakers and could be better. Carpet original
and pulling away from the sides, engine compartment
undetailed but unusually complete,
with all original emissions equipment still
present. Recently serviced. Cond: 3. SOLD
AT $3,360. Last seen here this past fall, when
it failed to bring $5,000 (SCM# 118054), this
MG B was cut loose at just $3,200 and commission
across the block, having aged and not
improved over the winter. Slightly well bought,
but with plenty of miles on the clock, a British
car hobbyist will always have something to do
along with the occasional country drive.
#F237-1984 ROLLS-ROYCE SILVER
SPUR saloon. S/N SCAZN42AXECX09098.
Anthracite Gray/black Everflex/dark gray
leather. Odo: 51,420 miles. Older respray
heavy with some clearcoat damage, prep issues,
and other spots. Rust evident under vinyl roof.
Rubber seals petrified, rear window resealed
with a tube of silicone. Right rear taillamp
not detailed and engine sounds very strong.
Cond: 2-. NOT SOLD AT $12,000. The likable
part about this bus is that it was not restored, let
alone overrestored as so many are, and it did not
feature any free rust in the bargain. Since these
were popular in central PA and the Northeast
until rotting into two or more separate parts, it's
rather interesting that the bidding didn't get out
of the high range for a similar Beetle. Seller was
wise to hold on for now.
#T70-1975 MERCEDES-BENZ 280C
coupe. S/N 11407312104805. Cypress Green
Metallic/Stone Pine Green/green MB-Tex.
Odo: 32,945 miles. Amazing original paint,
trim and interior stellar. Chrome and brightwork
likewise without typical scratched or clouded
anodized trim common to this model. Engine
bay exhibits use and maintenance, but no attempt
at detailing makes a much more genuine
smoothly, a/c blows cold. Cond: 3+. SOLD
AT $9,135. I was interested enough in this to
fire it up to make sure that both brake warning
lights went off. They did, and it was reasonably
presentable throughout. Bidding was light, and
surprisingly, the reserve came off at the end of
interest in the room. Well bought.
#F204-1979 MG B convertible. S/N
GHN5UL488087G. White/black vinyl/black
vinyl. Odo: 6,283 miles. Older white respray
performed well but is beginning to lift around
the edges, black vinyl top correct and looks
much more recent. Rubber bumpers and trim
64
broken. Seats average, wood on doors worse,
dash wood still shiny. Engine compartment
cleaner than expected. Cond: 3-. NOT SOLD
AT $11,250. All the bids on this car should have
been on the Silver Shadow. This was a mess and
a half, and if the cosmetics were so neglected,
one can only assume the mechanicals were
also needy. All the money and more for this
example.
GERMAN
#F209-1969 VOLKSWAGEN TYPE 2
microbus. S/N 229235905. Red/white steel/
tan vinyl. Odo: 79,663 miles. Unrestored oneowner
original bus sporting very presentable
paint that might be original in places. Nice
chrome and brightwork definitely original and
well preserved. Interior very tidy if somewhat
yellowed, 1970s CB and 8-track festoon the
dashboard. Engine bay appears maintained if
Sports Car Market
impression. Cond: 2+. SOLD AT $14,700.
I said this was well bought back in December
'08 when it was at the Raleigh Classic, selling
for $9,180 (SCM# 118889). The seller made
a cool $5,000 plus turning it around here in
Pennsylvania. Slightly well sold, but a cool period
German car in this area will always ring
the bell, so hats off to the enterprising dealer
who took it home.
#F215-1976 MERCEDES-BENZ 450SL
convertible. S/N 10704412030294. English
Red/parchment cloth/parchment MB-Tex. Odo:
110,157 miles. Original red car with fright-pig
repaint shows tape marks and overspray on

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Carlisle Auctions Carlisle, PA
trim. Repaint did not include removal of rear
license plate, which was masked off. Chrome
and brightwork distressed original, rubber on
bumpers similar. Interior tidy but cheap imitation
seat covers replace original vinyl or leather.
Dashboard surprisingly intact, original wood
decent. Chrome wire wheels, Michelin X radials.
Engine bay shows no effort made to clean
up body shop dusting from paint job. Cond: 3-.
SOLD AT $3,990. While a wet-sanding might
shine this up—along with some new parts and
perhaps an old set of Bundt alloys—this SL was
from one of the worst years for the car and was
not an attractive example for any purpose I
could think of. Cheap, perhaps, but one of the
most frightening pigs at this sale. Well sold.
#F172-1982 MERCEDES-BENZ 380SL
convertible. S/N WDBBA45A8CB009938.
English Red/tan cloth/tan vinyl. Odo: 121,436
miles. Recent red respray to a moderately high
standard. Some dings and dents look mainly
like hail damage. Chrome nice, brightwork
cloudy. Driver's seat flat, passenger's seat
lumpy. Wood on dash and console original with
Engine compartment just as nice as interior
and exterior. Cond: 2+. SOLD AT $36,750.
This looked almost incomplete as it crossed
the block without its top, and the seller quickly
explained that he had the top there but couldn't
get in and out of the truck when it was fitted.
The restoration had a few slight indications of
wear, but the crowd loved it, and they surprised
many, including the seller, with their generous
bidding. Well sold.
some cracks. Engine bay clean but undetailed.
Cond: 3. SOLD AT $7,350. A red Mercedes
ragtop with both hard and soft tops, yes, but the
early 3.8 V8s have a single-row timing chain
and are notorious not just for being very slow
but also for whipping the chain out one or both
cam covers. Price was more than generous for
condition, age, and the above to boot.
#T3-1985 PORSCHE 911 Carrera coupe.
S/N WPOAB0919FS12732. Black/burgundy
leather. Odo: 84,271 miles. Very presentable
original paint, with typical chipping to mirrors
and front valance. Factory front and rear spoilers
correct, original interior very presentable
as well, with only light wear to driver's outer
bolster. Engine bay exhibits maintenance but
no restoration. All in all, a very honest package.
Cond: 2-. SOLD AT $17,325. For the third car
out on Thursday, this was a nice, original piece.
I've bought and sold a few nice Carreras like this
with similar miles, and this is how I like them:
66
with all materials correct and showing little
to no wear. Instruments very crisp and clear.
Engine bay not detailed but remarkably clean
and smooth-running. Cond: 2-. SOLD AT
$20,738. They're only this original once, and
with just one repaint evident on the entire car
from new and mileage that was believable, this
was a stunner. Well bought for the condition
and preservation displayed.
#T90-1947 CADILLAC SERIES 62
4-dr sedan. S/N 8445738. Black/tan
& gray mohair. Odo: 57,697 miles.
Original paint throughout, some loss from
clean but not original, high-rise Edelbrock
intake manifold and aftermarket carburetor
fitted. Cond: 3. SOLD AT $54,600. Last seen
here in October '08, when it failed to sell at
$40,000 (CM# 118076). With just four more
miles on this one since last fall's appearance,
not much changed here except that the title
delay was gone and the car sold for a reasonable
amount of money, despite its many needs.
Not sure where one goes with this except as a
driver, and with a 3-speed, that represents an
additional challenge. Slightly well sold.
#F217-1956 FORD THUNDERBIRD
convertible. S/N P6FH342772. Royal Blue/
white vinyl & hard top/black & white vinyl.
Odo: 98,334 miles. 312-ci V8, 4-bbl, auto.
Older restoration well-preserved throughout.
Paint uniform, door gaps wide, chrome and
brightwork redone but now exhibiting light
spidering and pitting. Good glass throughout,
engraved accessory wind wings and monogrammed
porthole window trims a personal
Sports Car Market
#F196-1932
CHEVROLET
CONFEDERATE 2-dr sedan. S/N 2987365.
Dark blue & black/black vinyl/tan cloth. Odo:
19,538 miles. Older repaint of an otherwise
amazingly original car. Chrome and nickel
excellent for the age and appear not to have
ever been replated. Interior stunningly original,
sehr fahrbereit—ready to drive. Fair price on
what is a good used car.
AMERICAN
#F208-1931 FORD MODEL A roadster
pickup. S/N A31H6363. Maroon & black/tan
cloth/black vinyl. Odo: 7,659 miles. Gorgeous
restoration with uniform finish throughout.
Painted rims with chrome wires and yellow
pinstriping a great look. No pesky sidemount
spares or top (as it crossed the block), a few
nicks and chips are all to complain about.
polishing to left front fender top. Chrome original
and scratched, but with little pitting evident.
1960s-era white sidewall spare in trunk, 1980s
radials on the car wheels. Original interior well
preserved, front seat covered by period seat
cover. Engine compartment slightly crusty
but decidedly unrestored. Cond: 3. SOLD AT
$7,875. A nice period piece without the usual
rust found in this region. Cars like this will
always draw a crowd. This was a cheap way
into the barn-find club, and it'll also tour well.
A good buy at the price paid.
#T38-1956 CHEVROLET CORVETTE
convertible. S/N E56S004000. Sportsman Red
& white/tan vinyl/tan vinyl. Odo: 67,655 miles.
283-ci V8, 4-bbl, 4-sp. Non-original motor.
Older repaint very wavy throughout, with light
sags and dirt in coves. Fair amount of filler in
rear quarters, interior may be original or part of
a long-ago light restoration effort. Carpet appears
correct if older, bumpers and brightwork
appear original and rather pitted. Engine bay

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Carlisle Auctions Carlisle, PA
touch. Interior remains very fresh with only
1980s Blaupunkt stereo under dash detract some
from originality. Engine compartment reflects
recent care and preservation. Cond: 2-. SOLD
AT $16,275. This was an unusual combination
of hot rod flair and nice preservation. I wish cars
that featured such high-quality originality would
be left alone or improved along those lines. If
this was to be the next hot custom, someone ran
out of money. The selling price was very generous
given the lack of a clear direction here. Well
sold.
#F203-1964 BUICK RIVIERA 2-dr hard
minor cleaning needed. Engine bay tidy with
good detailing. Cond: 2-. SOLD AT $27,300.
While overall a nice car, this blue and white
example would take a special sort of early
Thunderbird enthusiast. I'm not a big fan of
salmon or mint green either, but this combo did
nothing for me. Slightly well sold due to the age
of the restoration and the current state of the
early 'Bird market.
#T66-1959 DODGE CORONET 2-dr hard
top. S/N M312142034. Red & white/black
cloth & red vinyl. Odo: 80,637 miles. 325-ci
V8, 4-bbl, auto. Older restoration completed
about 20 years ago and still exhibiting a uniform
finish, with age and use only slightly
evident. Chrome lightly pitted and scratched,
with some overbuffing present. Interior very
top. S/N 7K1118329. Light green metallic/
black vinyl. Odo: 8,067 miles. 425-ci V8, 4-bbl,
auto. Ancient light green respray mismatched
between hood and front fenders. Rear quarters
wavy, many panel edges rusty. Overspray evident
on trim, chrome and brightwork original
and pitted in places. Interior tidy, seats likely
redone in the 1970s judging by the material
used. Engine compartment surprisingly complete
and nearly presentable. Cond: 3-. SOLD
AT $7,875. While a barn find, this was a wellused
car prior to re-emerging from said barn,
and it had little originality left. It appeared
solid overall, but a restoration would likely put
the new owner upside down in a hurry, even at
this slightly well bought price.
well preserved and well-executed when done.
Engine compartment restoration dates to same
time as exterior work. Cond: 2-. SOLD AT
$30,975. It's always good to bring a Southern
car to the Rust Belt, especially if it's from a part
of the south not known for rust and subsequent
Bondo. This car had that going for it and found
an appreciative home on the first night of the
sale. Well sold.
#F193-1962 CADILLAC SERIES 62 2-dr
hard top. S/N 62G107178. Light tan metallic/
light tan vinyl & cloth. Odo: 2,798 miles. 390ci
V8, 4-bbl, auto. High-quality paint and body
with custom stripe motif on hood and deck lid,
shaved door handles, antenna, and other light
custom details. Chrome redone, brightwork also
very tidy. Original interior very presentable,
though Dakota Digital instrumentation and a
also redone a while back in incorrect but intact
vinyl. Wood steering wheel sticks out like a
sore thumb. Engine bay nicely prepared including
cast Falcon-script valve covers. Cond: 3+.
NOT SOLD AT $15,000. A late 1970s or early
1980s restoration that's not to everyone's taste,
and while the Falcon V8 was the forerunner
to the original pony car, this was a pony in a
field of horses. The high bid should have been
enough to be considered for the age of the work
done and the needs noted.
68
vinyl interior dry, center console chrome pitted,
wood wheel nice. Engine compartment shows
lengthy and extensive preparation with tasteful
use of Mopar accessory bits. Cond: 3+. SOLD
AT $25,200. There was no claim of the powertrain
being original here, but it was an original
4-speed car. Even if a 383 had rolled off the line
in this car, it wouldn't have had dual quads or
this much jewelry under the hood. A nice local
show or cruise-in speed demon for sure, and
while not terribly bought here, the price was a
bit surprising. Well sold.
#F219-1966 CHEVROLET CORVETTE
Custom convertible. S/N 194676S103084.
Two-tone blue metallic/white vinyl/blue vinyl.
Odo: 50,981 miles. 427-ci V8, 4-bbl, 4-sp.
Unusual 1980s custom job in the spirit of the
GM concept cars. Pop-up headlights and front
Sports Car Market
#F180-1964 FORD FALCON Futura
convertible. S/N 4H127168464. Dark green
metallic/tan vinyl/black vinyl. Odo: 30,334
miles. Older repaint shows age but commensurate
care, tan top has alignment issues over
windows. Chrome and brightwork partially redone,
with some pitting and scratches evident,
especially around top boot surround. Interior
Older interior kit shows wear, steering wheel
wrap and spare paint can on transmission hump
raise eyebrows. Engine spray painted blue with
contrasting black inner fenders and firewall.
Cond: 3-. NOT SOLD AT $8,900. If you were
looking for a Mustang in the late 1970s and
walked onto a used car lot in Pennsylvania,
you'd likely see a car like this, complete with
the quick spray can treatment under the hood,
if not all over the body. Price was perhaps a
little light for condition, but not much.
#F191-1966 PLYMOUTH SATELLITE
2-dr hard top. S/N RP23G65105603. Maroon
metallic/black vinyl. Odo: 22,324 miles. 383-ci
V8, 2x4-bbl, 4-sp. Finish clean and uniform
with slight color shift and orange hue. Light
overspray on some trim. Body claimed to be
from California, with no visible rust and good
panel fit. Chrome redone, brightwork original
with average wear. Possibly original black
#F220-1965 FORD MUSTANG coupe.
S/N 5T07C136428. Red/white vinyl. Odo:
22,853 miles. 289-ci V8, 2-bbl, auto. Newer
red respray not to the greatest standards, with
poor color matching of headlamp surrounds
and some body fit issues noted. Chrome and
brightwork older, several replacement parts
mixed in. Rear glass scratched, other glass OK.
Mismatched modern radials on steel wheels.

Page 68

Carlisle Auctions Carlisle, PA
bumper deleted, quad rectangular lamps fitted
to front grille. Bodywork exhibits waviness in
places. Interior more stock and without major
wear. Rear bumper remains and is presentable,
along with limited remaining brightwork. Bigblock
Chevrolet mill of unknown origin exhibits
good detailing but has at least one bad mount,
as fan has gone through the radiator shroud at
least once. Cond: 3+. SOLD AT $30,975. A bigblock
and a 4-speed along with some unique
looks seems like fun, but single-circuit brakes
give me pause. While the new owner will need
a fresh two-tone Members Only windbreaker,
Porsche Design sunglasses, and perhaps even
a Benetton hat, this still represents a good bit
of fun for the money as a driver.
#F182-1966 CHEVROLET IMPALA SS
convertible. S/N 168676D130773. Lemonwood
Yellow/black vinyl/black vinyl. Odo: 31,040
miles. 396-ci V8, 4-bbl, auto. Fresher yellow
paint uniform in quality but getting a bit crackly
around the edges. Body straight without much
ripple in quarters. Possibly original or older
chrome replating has light flaws, brightwork
pitted and scratched, convertible top likely re-
placed at time of paint. Possibly original interior
with column-mounted tachometer crudely
clamped on. Hasty older engine bay detailing
still decent, with factory a/c fitted. Cond: 3+.
NOT SOLD AT $21,500. This was one of those
interesting cars in an attractive color that just
hadn't had much attention in years. The note
on the windshield about the big-block and
newer 700R4 automatic left a lot of questions
unanswered, and the high bid should have been
enough to have gotten this done.
#F154.1-1967 PLYMOUTH GTX 2-dr
hard top. S/N RS23L71169157. Yellow &
black/black vinyl/black vinyl. Odo: 97,528
miles. 440-ci V8, 4-bbl, auto. Fresh restoration
to a high standard, straight and even body, vinyl
top very correct and without flaws. Chrome and
brightwork restored with only a few scratches
found, interior redone as well, though driver's
seat exhibits a heavy sag. Engine compartment
nicely detailed but a few loose ends remain.
70
Sports Car Market
Engine compartment detailed for show, but the
454/360-hp air cleaner tells the honest story.
Cond: 2+. NOT SOLD AT $40,000. There will
be remnants of the Clone Wars among wellrestored
muscle cars for many years to come,
but the results will be tougher on the consignor
each and every time, as an incorrect car is no
more than a fun driver that's likely going to fool
very few who look at it. This was nicely done,
and for a convertible, the price might have
been a little light—but not by a whole lot.
#F154-1968 CHEVROLET CAMARO
SS 396 coupe. S/N 124378N392530. Corvette
Bronze/black vinyl. Odo: 29,779 miles. 396-ci
V8, 4-bbl, 4-sp. Once part of the Floyd Garrett
museum collection. High-quality restoration,
claimed to have matching numbers. Paint
exhibits slight dirt and prep issues only made
obvious by harsh light and overly shiny finish.
Cond: 2. SOLD AT $30,450. Parked inside the
expo center right next to the bathrooms and the
exit ramp from the stage, nobody missed seeing
this GTX. The attractive color and power
combination made this a pretty easy decision
when the reserve came off right at the top bid.
Well bought and sold.
#F165-1967 CHEVROLET CAMARO
SS 396 convertible. S/N 124677N242722.
Tuxedo Black/white vinyl/white vinyl. Odo:
56,171 miles. 454-ci V8, 4-bbl, 4-sp. Highquality
paint and body restored to better than
new. Originally a 325-hp SS 396. Chrome and
brightwork show well, with slight fit issues to
trim. Interior comprehensively restored, aside
from original shopworn climate controls.
Chrome and brightwork restored with only
slight overbuffing. Poverty caps, painted steels
and Redline tires give a period look. Very light
detail issues present in interior. Engine bay
nicely and correctly detailed. Cond: 2+. NOT
SOLD AT $52,000. The story went that the
original purchaser did order the Camaro in
Corvette Bronze, so even the color was right,
but there simply wasn't anyone here hot enough
to take this big-block 4-speed correct Camaro
home. I would have expected a little more enthusiasm
over this quality piece.
#F239-1968 CHEVROLET CHEVELLE
300 Deluxe 2-dr sedan. S/N 132278Z136379.
Light blue metallic/black steel/black vinyl.
Odo: 66,315 miles. 502-ci V8, 4-bbl, 4-sp.
Lower light blue metallic finish executed to a
high standard, black roof finish pitted and very
heavy. Chrome and brightwork restored nicely
and without issue. Bone stock basic interior
nearly perfect. Engine compartment cannot hide
giant GM 502-ci big-block, but it was made
to look as correct as possible. Cond: 2. NOT
SOLD AT $36,000. Dick Balsley, who ran the
GM Heritage Collection and Fleet until last fall,
would take a blasé 6-cylinder car like this out
of the collection, fit it with a big motor like this,
and then take it to SEMA, but it would come
back and be re-Stovebolted. Dick wouldn't have
put the Yenko badge on the back, either, but we
knew this wasn't a recent escapee from Sterling
Heights. I liked this, as did many for its simplicity
and cleanliness, but the high bid was all the
money for a bitsa—even a good one.
#F207-1968 FORD MUSTANG GT convertible.
S/N 8F03S149430. Yellow & black/
black vinyl/black vinyl. Odo: 34,968 miles.
390-ci V8 4-bbl, 4-sp. Older yellow repaint
shows light age issues. Chrome and brightwork
redone or very good originals with only light
scratching and discoloration. Interior partially
original, some wear to console evident. Engine
bay could use redetailing, but Marti reportdocumented
a/c and power steering and all the
usual accessories present and in good condition.
Cond: 2-. SOLD AT $47,250. Documentation,

Page 70

Carlisle Auctions Carlisle, PA
documentation, documentation—a Marti report
made it gospel that this particular car was one
of just 34 with power discs, power steering,
power top, and a/c from the factory A 4-speed
big-block high-horsepower Mustang ragtop for
under $50,000 in nice shape sounds pretty good
before you get to all that, so I'd say this was
slightly well bought. With a little more detailing,
it could be even better still.
#F181-1969 BUICK SKYLARK convert-
ible. S/N 444679Y198001. Red/white vinyl/
white vinyl. Odo: 31,425 miles. 350-ci V8, 2bbl,
auto. Newer red respray wavy at rear quarters
and showing light ripples up and down each
side. Poor driver's door fit, other gaps decent.
Chrome and brightwork distressed heavily in
some areas and worse under headlamps. Newer
cut into rear interior quarter panels. Engine bay
restored at some point in the past and shows age
and use. Cond: 3+. NOT SOLD AT $26,500.
A nice ragtop for a weekend driver but hardly
fresh, with plenty of needs noted. That, along
with a lack of documentation, made the high bid
seem very generous for this car's condition. The
seller might have thought twice about turning
down this high bid.
#F183-1970 OLDSMOBILE 442 con-
white convertible top still looks good. Original
interior shows fading and wear to seats, dashboard
intact. Engine bay in driver-maintained
condition. Cond: 3-. NOT SOLD AT $9,200.
This car was a textbook twenty-footer—the
closer one got, the worse the car became. It
looked good enough to achieve this much under
the lights on stage, but for some reason this price
wasn't enough for the seller, who should regret
the opportunity he passed up.
#F205-1969 FORD MUSTANG Mach 1
fastback. S/N 9T02S189175. Pastel Gray &
black/black vinyl. Odo: 77,148 miles. 390-ci V8,
4-bbl, 4-sp. Beautiful finish partially original on
all-original body. Chrome Magnum wheels with
Wide Ovals give it a killer stance. Chrome and
brightwork appear restored throughout, interior
very tidy and features wood wheel and folddown
rear seat. Engine compartment fully and
correctly restored with factory a/c and power
vertible. S/N 344670E115601. Yellow/black
vinyl/black vinyl. Odo: 11,443 miles. 455-ci V8,
4-bbl, 4-sp. Older full restoration shows its age,
with some body fit issues throughout. Hood high
at rear, doors creaky. Chrome and brightwork
redone, rear bumper wavy. Convertible top nice,
interior could be original or part of an older kit.
Engine bay shows age and use, as well as evidence
of recent removal without redetailing. Cond: 2-.
well under five figures. While nothing special, it
was a well-preserved, low-mileage example that
would benefit from a new hobbyist taking over
the detailing. Well bought and sold.
#F201-1979 ZINK 14 Formula Super
Vee racer. S/N 14. Yellow & aluminum/black
plastic. Very tidy vintage formula Super Vee
run by the Carlisle guys. Up-to-date logbooks
and six pro race wins under its belt. Body and
wings straight, engine tidy but not detailed,
older Hoosier slicks might have a race or two
#F195-1970 PLYMOUTH ROAD RUNNER
convertible. S/N RM27N0G123327. Dark
green metallic/black vinyl/black vinyl & cloth.
Odo: 67,339 miles. 383-ci V8, 4-bbl, auto. Older
repaint and decals still present well. Original
chrome and brightwork show wear, pitting, and
scratching. Incorrect vinyl and corduroy interior,
passenger's seat has a large split seam, speakers
left. Cond: 3+. NOT SOLD AT $10,000. The
Zink is a cheap way into vintage racing, if you
fit, and it's also cheap to keep going, given its
VW watercooled powertrain. However, I don't
normally see the vintage racing crowd at this
sale, so I think there's more left elsewhere if
they take this on the road.
#F202-2003 CHEVROLET CORVETTE
NOT SOLD AT $58,000. The consignor stood
by the car and loudly proclaimed how the engine
and transmission recently required overhauling,
and that he went to bat for all of it. However, he
also conveyed that he did all of this hastily and
under a heavy degree of frustration. The high
bid seemed overly generous regardless of these
circumstances, so it's unclear why he didn't get
clear of the car at that price.
#F173-1979 CHEVROLET CORVETTE
steering intact, though older overflow bottle
could stand replacement. Cond: 2. NOT SOLD
AT $42,500. A nice Mach 1 in an unusual color
and with a nice, if lightly documented, history.
Why the high bid wasn't enough to get the job
done escapes me entirely, unless the consignor
has been living under a rock since early 2006.
The upside is that this may be considerably more
affordable if it comes back to this venue during
the next year or so.
72
coupe. S/N 1Z8789S410191. Red/red vinyl &
leather. Odo: 57,082 miles. 350-ci 195-hp V8,
4-bbl, auto. Nice older red repaint on undamaged
original bodywork attests to claimed single
owner history. Limited brightwork still shines.
Interior and weatherstripping a bit scruffy,
early 1980s Pioneer stereo further dates the
last improvements. Some engine compartment
reconditioning evident, with some paintwork, a
sticker kit, and air cleaner from an earlier model.
Cond: 2-. SOLD AT $8,925. It was a surprise
when the reserve came off and this example sold
very tidy and still race ready. Engine bay very
tidy. Cond: 2-. SOLD AT $16,275. With new
red Corvettes for the Miller's racing efforts
already on the track, the old cars had to go.
This one was auctioned off to benefit the Chip
Miller Foundation. When the reserve came off at
$15,000, I reached for my bidder pass and then
realized I had been working so hard I forgot to
register. Such is life. ♦
Sports Car Market
Bondurant coupe. S/N 1G1YY22G635119740.
Yellow/black cloth. Odo: 31,904 miles. 5.7-liter
350-hp fuel-injected LS1 V8, 6-sp. Ex-Bob
Bondurant Phoenix school car with GM factory
history prior, now wearing Carlisle graphics.
Body excellent with no evidence of any damage,
Bondurant name still visible in paint. Some
wheel rash from hard use apparent. Interior

Page 74

Bonhams Monte Carlo, MCO
Les Grandes Marques á Monaco
The Ferrari F40 LM Competition reached $1m and applause could be heard,
but the 333 SP which followed missed its mark
Company
Bonhams
Date
May 18, 2009
Location
Monte Carlo, Monaco
Auctioneer
James Knight
Automotive lots sold / offered
46/92
Sales rate
50%
Sales total
$6,209,906
High sale
1990 Ferrari F40 LM
Competition, sold at $1,302,075
Buyer's premium
Monaco sale was well represented by grand marques indeed
Report and photos by Jérôme Hardy
Market opinions in italics
casino, 80 years of Grand Prix racing through
the streets, and last but not least, the annual
Bonhams “Grandes Marques” auction. The sun
shines 290 days a year, the Mediterranean Sea
is calm and warm, and Monaco is tax-free. You can
see why 3,000 of the wealthiest individuals on earth live
here.
There was no Historic Grand Prix this year, and com-
M
petitor RM Auctions had its Maranello sale on Sunday,
May 17. So Bonhams held its sale on Monday, May 18,
rather than on the weekend as in the past, with previews
on Saturday and Sunday. Ninety-two automobiles awaited
visitors in the large, airy museum, and Matthieu Lamoure
and the Bonhams crew placed the stars of the show center
stage, including three race cars: a 1990 Ferrari F40 LM
Competition, one of two ordered by French importer
Pozzi, which was the high sale at $1.3m; a 1965 Porsche
906, immaculate in its original green livery, which sold
at $782k; and a 2003 Ferrari 575 GTC, ex-Works, which
failed to sell.
Pre-war machinery was represented by a 1938 BMW
328 roadster in immaculate condition (sold at $507,600),
an imposing 1938 Rolls-Royce Phantom III that graced
Pebble Beach in 2006 but which did not sell, and a 1924
76
onaco, the tiny Riviera gem
between Italy and France,
is famous for many reasons.
Grace Kelly, James Bond at the
Delahaye custom-built double phaeton in very good condition, also unsold.
Another attraction was three English automobiles in fire-truck red
Monte Carlo, MCO
livery, including a beautiful 1954 Jaguar XK 120, which made $93,150, a
1934 SS1 tourer, and 1936 Jaguar SS 2½-liter Sport saloon, neither of which
found new homes.
Only three cars had mid-estimates above $1m, as there were no bigticket
items like the Bugatti Type 55, which sold here in 2008 for $2.3m.
Whether this was Bonhams's conscious strategy or a lack of expensive cars
for sale, it minimized the risk of failure, such as in Gstaad. The average car midestimate
was $155,000—half 2008's $320,000.
Because of the museum's limited space, this was a “picture on screen” sale, taking
away some of the fun. The first true collector car was a 1955 121 LM replica in the
form of a splendid Ermini 357 Sport Barchetta, which failed to sell. However, the catalog
cover car, the F40 LM Competition, reached
the $1m bar and applause could be heard for the
first and last time. This was soon followed by
the Ferrari 333 SP that missed its mark. The
room was packed and filled with a tension very
different from 2008. Selling or buying expensive
cars now requires more sweat, hard work,
and risk-taking.
By 7:30 pm, the results were in, with 46 cars
Sales Totals
sold—a 50% sale ratio. Total sale was $6.2m,
about 50% of the mid-estimate of the catalog. The
ratio was roughly the same as last year, but because
the average car value was half as expensive,
the end result was also half (vs. $12.6m in 2008).
Prices are back to 2007 levels. ♦
$3m
$6m
$9m
$12m
$15m
2009
2008
2007
2006
2005
15% up to $202,500, 10%
thereafter, included in sold
prices ($1.35 = €1.00)
Sports Car Market

Page 76

Bonhams Monte Carlo, MCO
ENGLISH
#267-1934 JAGUAR SS1 tourer. S/N
247989. Red/black canvas/beige leather. RHD.
Odo: 61,238 miles. Restored to high standards
in the late '90s, barely used since and still very
presentable. Panels fit OK with doors requiring
some effort to shut well. Hood aligned. Red paint
good but slightly heavy, interior could benefit
Beach in 2006 and still immaculate inside and
out. Rear end looks better in pictures than in
person, with a peculiar line inflection between
top and fenders. Nonetheless, a statuesque automobile
in classy black livery. Cond: 1-. NOT
SOLD AT $308,000. The Grandes Marques
sale is geared toward sports cars, and something
like this one may have been been appreciated
a bit more at Rétromobile. High bid was
light by at least $50k.
from more detailing. Engine bay and undercarriage
clean. A 4-seat car with a small side-valve
antiquated engine. Touring, not sport. Cond: 3+.
NOT SOLD AT $84,000. This car failed to sell
at RM's Monterey sale in August '04 for $65k in
the same condition with 90 fewer miles on the
odo (SCM# 34825), so it hasn't been driven and
might need some mechanical reconditioning.
The high bid was generous enough for a slow,
red, early SS1 with potential needs.
#259-1936 JAGUAR SS 2½-Liter sport
saloon. S/N 1083250699. Red/beige leather.
RHD. A Czech car its entire life. Frame-off
restoration to good standards in 2005. Panels
excellent, fire truck red paint surprising but of
good quality. Chrome, wheels, and rubber asnew.
Modern horns. Interior retrimmed with
restored gauges. 0 km on the odo, “Prague
Classic Car Center” plate on rear. Engine bay
#257-1952 NASH-HEALEY LE MANS
roadster. S/N 2245. Eng. # HNA1158.
Silver/blue canvas/red leather. Odo: 53,124
miles. Coachwork by Pininfarina. Restored
in 2002 in Holland to very good standards.
Still shows well with excellent panels, paint,
chrome, wheels, and new soft top. Interior
redone with original radio. A good example
Rochester sale in August '08 (SCM #117413).
Price paid was fair for all parties.
#230-1971 ASTON MARTIN DBS V8
coupe. S/N DBSV810161LC. Green/blue
leather. Odo: 65,720 km. Mostly original but
for old respray mismatched to blue leather
interior. Nicks and dents in paint, front bumper
dinged. Mags good, glass unmarked. Interior
faded, with dirty carpet and modern radio. Not a
sizzling car. Cond: 3. SOLD AT $83,835. Sold
10% above the high estimate, which I thought
was really high given the condition. Maybe I
missed something here. This money can buy
you a very nice V8, so this needy example was
very well sold.
FRENCH
#224-1961 FACEL VEGA HK500 coupe.
S/N HK1BM8. Black/red leather. Odo: 86,238
km. 383-ci V8, 2x4-bbl, 4-sp. One of about 500
made between 1958-61. Balanced design with
the U.S.-Style panoramic windshield and the
desirable 4-speed Pont-a-Mousson gearbox.
Restored in 2000 by world-famous Lecoq and
still excellent inside and out. Deep red leather
in a nice color combination. Cond: 2+. NOT
SOLD AT $95,000. A truly identical car, in the
same color inside and out and with the same
oversized wood steering wheel and also from
Dutch provenance—but with a different chassis
number—was sold by Bonhams at its Monaco
sale in '07 for $100,913 (SCM #45696). Some
roadsters have sold in the U.S. at around $200k
in '07 and '08. I feel that these cars are more
appreciated in the U.S. than in Europe, despite
their Pininfarina lineage, and with that in
mind, this could have sold.
#275-1954 JAGUAR XK 120 roadster. S/N
spotless. Excellent condition and an attractive
car—if you like red on pre-war cars. Cond:
2+. NOT SOLD AT $81,000. Missed the low
estimate by $20k. A concours winner in a more
conservative and appropriate black livery sold
at Bonhams' Chichester sale in September '08
for $140k (SCM #117821). Otherwise, a #3 is
$40k. For a car in between those conditions,
this money could have been accepted, even if
restoration costs might exceed this number.
#262-1938 ROLLS-ROYCE PHANTOM
III cabriolet. S/N 3DL116. Black/black cloth/
black leather. Odo: 738 miles. Coachwork by
Mazzara & Meyer. Originally a Hooper & Co
Landaulet rebodied in the '50s in this 4-seat
convertible configuration. Shown at Pebble
78
Sports Car Market
674138. Eng. # W92448. Red/beige canvas/beige
leather. Odo: 47,927 miles. Recently restored to
concours standards and still mint throughout.
Very sober and nice with its minimum accessories,
red-painted steel wheels, and whitewall
tires. Interior new with excellent detailing,
engine bay spotless, engine purrs like it should.
Cond: 1-. SOLD AT $93,150. Sold where it
should, as a similar red XK 120 in similar condition
on chrome wires sold for $113,300 at RM's
interior with matching wool carpeting shows a
very high level of detailing. Cond: 1-. SOLD
AT $142,830. These cars were some of the last
coachbuilt automobiles, and this one was better
than new in all respects. Expensive, but worth
every penny at the high estimate. Well bought.
#264-1971 CITROëN DS21 cabriolet.
S/N 4648944. Black/beige canvas/brown
leather. Odo: 77,673 km. One of 1,365
convertibles built by Chapron for Citroën between

Page 78

Bonhams Monte Carlo, MCO
Recent Il Biscione sales on eBay
Alfa Bits
by Geoff Archer
(All English within quotes exactly as presented by sellers on eBay.)
#250366951671-1973 ALFA ROMEO SPIDER VELOCE
2000 convertible. S/N AR304250835840. Red/black canvas/
black leather. Odo: 37,000 miles. 5 Photos. Laguna Beach, CA.
“Restored and modified for speed... No Rust ANYWHERE on
this immaculate car.” Roll bar, new Yokohamas, and headlight
1960 and 1971. Late-series covered headlight
DS21 with the larger engine and three-pod dash
is the sleekest look of the group. A very complete
unrestored car with some needs, including
new paint, chrome, and upholstery. Cond: 3-.
SOLD AT $89,500. Add $40k for new paint,
chrome, and an interior, and you're still very far
from the $205k that another example brought
at Artcurial's Rétromobile sale in February '08
(SCM# 52005). A good buy.
GERMAN
#265-1938 BMW 328 roadster. S/N 85207.
covers. “Pristine ragtop.” New dash. “Interior is super clean...
2000 cc engine with Dual webbers and a K&N Airfilter system.
Race cams and Freshly done Borgo 10:4:1 Pistons and Liners...
has the Alfa growl that I enjoy so much. It is fast, so if you
want a grandma car, don't bid on this one.” 5 bids, sf 10, bf
29. Cond: 1. SOLD AT $10,000. Top dollar was well deserved
given this one's low mileage and terrific condition.
#250367331102-1982 ALFA ROMEO SPIDER VELOCE
2000 convertible. S/N ZARBA5416C1014821. Red/black
canvas/tan velour. Odo: 81,114 miles. 18 Photos. Erwin, TN.
Honest description includes, “I purchased a house and the car
was left behind, so unfortunately I don't know that much about
it.” Misguided custom bodywork includes sharp-edged oversized
flares, fat turn signals, front bumper delete (but brackets
remain), 3 hood scoops—2 of which look like clothes dryer
Eng. # 85207. Gray/black cloth/black leather.
Odo: 27 km. One of 426 built, of which about
200 remain. Simple and light, and today sought
after by many rally contenders. Recently restored
to very high standards, with excellent
paint, chrome, glass, and interior. Has probably
22,127 km. Rotisserie restoration to a betterthan-new
standard, with show car quality paint,
as well as new rubber and chrome. Wheels and
hubcaps perfect, interior as-new but for faded
upper dash. Period radio and speaker, nice steering
wheel with horn ring. Engine bay spotless.
Cond: 1-. NOT SOLD AT $240,000. This bid
was about $15k too low for the seller. The car
was excellent, but in this market, $240k should
have been enough. I'm not sure it will do better
in six months or a year, and in the meantime, it
can't be driven or its value will fade quickly.
#202-1964 BMW 3200CS coupe. S/N
76225. Ivory/brown cloth. Odo: 64,866 km.
One of 540 built, said to be one of 50 remaining.
Attractive design, but paint shows issues
and panels are misaligned. Worn cloth seats
and door panels, dash and rest of interior OK.
Said to have been in a museum in Israel for 20
years. Cond: 4+. SOLD AT $24,840. This car
not seen the road since its restoration. Cond:
1-. SOLD AT $507,600. The price paid was
just on the low estimate, and that seems correct
given the current fashion of this car. BMW had
five models in similar condition aligned on the
Villa d'Este grounds just a few weeks prior to
the sale. No risk here.
#227-1960 PORSCHE 356B 1600 roadster.
vents, “Alfa Romeo” trunk script on the hood, and a protruding
snout that's more SP250 than 250 GTO. “The interior is in good
condition.” Not running. 31 bids, sf 1, bf 121. Cond: 5. SOLD
AT $2,000. Whether you are thinking swine flu or fright pig,
the key Italian word here is “maiale,” or pig. I sure hope the
new owner does not treat this maiale to a rotisserie. If he does,
I'm not sure where he'll ever find an apple big enough to cram
in there. Well sold at any price.
#330323132334-1988 ALFA ROMEO GRADUATE con-
vertible. S/N ZARBA5642J1062837. Red/black canvas/black
leather. Odo: 37,800 miles. 18 Photos. Seminole, FL. “The
mileage is 100% accurate. All body panels are straight and
true with no dents or dings. The paint... shines brilliantly. There
is no rust or corrosion.” Revolution rims with new tires look
great. Wooden Momo. “Top is original and in fair condition.
Starts easily and idles smoothly. Acceleration is smooth and
strong. The clutch and transmission work in perfect harmonyno
grinding of gears up or down... Drives just like it did when
first purchased. This car has been carefully maintained and
will not disappoint.” 17 bids, sf 41, bf 1. Cond: 2+. SOLD AT
$7,000. A slight bargain on a very nice example. ♦
80
of authenticity. Cond: 2. SOLD AT $131,963.
Roadster prices have surged over the past three
years, and this result was quite below several
comparables, like a 1962 356B T-6 that brought
$170,500 at RM's Monterey sale in August '08
(SCM# 117488) or a 1962 356B Super cabriolet
that sold at $176,000 at Gooding's Pebble Beach
sale in August '07 (SCM# 46536). The vintage
Porsche market isn't what it once was. Fair value.
#223-1963 PORSCHE 356B Carrera 2
coupe. S/N 122557. Gray/black leather. Odo:
Sports Car Market
S/N 87842. Eng. # 602592. Silver gray/red
leather. Odo: 394 miles. Coachwork by Drauz.
Rotisserie restoration to a high level. Close to
concours paint and chrome, glass and rubber all
excellent. New soft top, fresh interior without
radio. A rare car in the right color combination.
Comes with Porsche Kardex certificate
in the same condition with 400 fewer km sold
in 2002 at Poulain Le Fur in Paris for $10,261
(SCM# 29888). The good news was that it runs.
A #1 car sold at Gooding's '07 Pebble Beach
auction for $126k (SCM #47113), so there may
be an upside here, as a restoration would not
be that costly. BMW is working hard at promoting
its past, so after restoration, this may be a
good investment for not much money up-front.
TOP 10
No. 8
#256-1966 PORSCHE 906 racer. S/N
906101. Eng. # 906101. Dark green/red
fiberglass & aluminum. A Carrera 6 in
good running condition with known history and
good documentation. Last raced at Le Mans in
2006, but with minimal historic racing successes.
Probably in much better shape than when delivered,
with paint, glass, and wheels all excellent.

Page 80

Bonhams Monte Carlo, MCO
Cond: 2+. SOLD AT $782,325. Expensive for
a car without period racing success, but on
the other hand, this is ready to provide the new
owner with an exciting future. Finding another
one in this condition will be difficult, so I'd consider
this well bought.
#211-1970 PORSCHE 911E 2.2 coupe.
S/N 9110201859. Orange/black leather. Odo:
33,303 km. Flat fender coupe, best periodcorrect
orange livery, peppier 2.2-liter engine.
Nice partial restoration, with nice paint showing
slight blemishes here and there. Panel fit
Want a new and reliable roadster? Buy a Miata
and you won't have to make any excuses. As
long as the buyer is happy, so am I. Enjoy.
ITALIAN
#263-1928 ALFA ROMEO 6C 1500 Mille
excellent, some chrome faded, interior redone
with supple leather. Dash and gauges excellent.
A desirable car for the 911 aficionados.
Cond: 3+. SOLD AT $41,918. Sold at the low
estimate. Many Porsche buyers would turn this
up for a 2.4S, but some connoisseurs prefer the
higher-lift cam of the 2.2-liter engine, although
an E is not an S. Well sold in today's market.
#232-1989 PORSCHE 911 Speedster. S/N
WPOZZZ91ZKS152201. Guards Red/black
leather. Odo: 66,900 km. One of 2,065 built in
1989 only, and those have likely had around a
90% survival rate. Typical look in Guards Red
with turbo look rear fenders and black leather
undercarriage clean. Cond: 2-. NOT SOLD AT
$940,000. This barely missed the low estimate
and came close to the more powerful but more
common 6C 1750 Zagato. A similar 6C 1500
sold at Brooks' Monte Carlo auction in 1998 for
$344,376 (SCM# 22416), and I think the high
bid should have taken the car.
interior. I doubt it is completely original with
these miles, as it looks factory-new everywhere.
Restored to factory standards with no
visible faults. Cond: 1-. SOLD AT $71,415.
This is expensive, but it's immaculate, and
for those who need that, a premium is always
required. The bonus is the easy-to-maintain
3.2-liter mechanicals.
#201-2008 PORSCHE 356 Replica
Speedster. S/N 118364648. Dark gray/beige
canvas/beige leather. Odo: 95 km. An extremely
well built new replica in an attractive
color combination. High attention to detail
and quality of materials takes away the kit-car
feeling. Very well done. Cond: 1. SOLD AT
$32,603. The first lot of the sale, and offered
without reserve. I have no doubts that the price
paid matched this car's build cost. I never understood
the replica concept or state of mind.
82
#208-1948 ALFA ROMEO 6C 2500 SS
cabriolet. S/N 915612. Eng. # 923703. Light
green/light green leather. RHD. Odo: 20 km.
Coachwork by Pininfarina. An SWB three-carb
version rotisserie restored to concours standards
in Holland in 2009 and unused since. Attention
to detail excellent. Mechanicals redone, engine
Miglia Speciale roadster. S/N 0231325. Eng.
# 0211407. Red/burgundy leather. RHD. Odo:
8,367 miles. One of 24 1500 MMs built, and one
of ten supercharged examples. Supposedly one
of only three remaining. Competed in the Mille
Miglia in 1928 and 1929 and then in 2005, 2006,
2006, and 2007, accounting for the addition of an
electric fan. An important—if quite slow—racer.
Fully restored to good standards and sorted out.
Modern gauges added on dash, engine bay and
it will probably be difficult to get more than
$300k for a not-so-significant car that had lost
all its originality.
#206-1955 ERMINI 357 Sport Barchetta
racer. S/N 1855. Eng. # 1556. Red/black
leather. Pascale Ermini built Fiat-powered race
cars from 1949 to 1955. Said to be the only one
remaining out of three built, but there is at least
another one on the web. An entrant in the Mille
Miglia in '54 and '55, has participated many
times in the modern evocation. In excellent
condition and ready to be raced. Cond: 3+.
NOT SOLD AT $390,000. As far as racing
history goes, this one did not have much more
than simply being there, and across the block,
it missed the low estimate by $50k or so. Even
at the estimated $460k, this would have been a
bargain compared to a comparable Ferrari or
Maserati, but the amount bid was still significant
money.
#255A-1957 LANCIA AURELIA B24S
6th Series convertible. S/N B24S1416. Eng. #
1534. Midnight Blue/black cloth & hard top/red
leather. Odo: 83,461 miles. One of 521 built between
1956 and 1958. Restored to high level in
2002, driven and well maintained since. Panel
fit, paint, chrome, glass, rubber all very good.
Interior spotless with period radio. Missing
park bulbs in headlights. Comes with hard top.
More civilized and less racy than the Spider.
Cond: 1-. SOLD AT $211,140. Last seen at
H&H's Coventry sale in March '09, where it
failed to sell at $147,000 (SCM# 119870). Here
it sold at the high estimate, and deservedly so.
A similar car in lesser condition without the
hard top made $200,273 in February '09 at
Bonhams' Paris sale (SCM# 119705), and with
that in mind, this was well bought and sold.
#207-1958 LANCIA AURELIA B20GT
bay spotless. A show car. Cond: 1. NOT SOLD
AT $280,000. The cost of restoration here had
to be huge, which was the reason for the $340k
low estimate. I felt it was over-restored, and
while that might have worked in last year's
market, timing is everything. In this market,
Series VI coupe. S/N 3901. Eng. # 5215.
White/gray cloth. RHD. Odo: 6,003 km. The
last and most advanced series. One of 2,640
produced between 1951-58. Restored as much
as possible, including mechanicals, chrome,
interior, and gauges, but retains a classic car
Sports Car Market

Page 82

Bonhams Monte Carlo, MCO
#269-1969 FERRARI 365 GT 2+2 coupe.
S/N 11483. Eng. # 11483. Dark blue/black
leather. Odo: 2,527 km. Coachwork by
Pininfarina. One of 800. The last “round” 2+2
following the 1961 250 GTE. Attractive in
dark blue livery. Panels, paint, chrome all redone
some time ago and still in good condition
overall. Interior clean but for the presumably
feel, thanks to soft paint and cloth interior.
Panels excellent, interior tidy, undercarriage
very clean. Well done. Cond: 2. SOLD AT
$80,730. Sold at the low estimate. A 6th series
B20 in similar condition sold at RM's Amelia
Island sale in March '08 for $129,250 (SCM#
116072). Even with prices softening overall, I
will call this one well bought.
#240-1967 LANCIA FULVIA HF 1600
Fanalone Group 4 Rally Replica coupe.
S/N 818130019952. Red & white/black
velour. Group 4 replica well done with roll
cage, extra lights, and all equipment. Slightly
prepped engine. Ready to be used and enjoyed.
Cond: 3. SOLD AT $35,708. This
Ten-year-old restoration led to Best of Show at
Concorso Italiano in '99. Has faded somewhat
since. Panels and paint very good, some dry
rubber, chrome and Borranis excellent. Interior
well fitted with period Becker Mexico radio,
engine bay and undercarriage clean. Cond: 2+.
NOT SOLD AT $224,000. This missed its low
estimate by about $30k. I feel that the Ghibli
coupe looks better than the spyder, as it's more
rakish in some ways. Spyders have sold at
around $320k during the past two years (SCM#
116783 & 48106), either in 4.7-liter or 4.9-liter
form, so this one deserved more.
#220-1972 ALFA ROMEO MONTREAL
original seats with slightly dry leather. Engine
bay clean, matching-number engine sounds
sweet. One of the most stylish ways to drive
the family fast. Cond: 3+. SOLD AT $90,045.
Although a bit more expensive, I felt this was a
better buy than the red 2+2 that sold for $84,527
at Artcurial's Retromobile sale in February
(SCM# 119671), as it had a great look in this
understated color scheme. Well bought.
#238-1970 LAMBORGHINI MIURA SV
coupe. S/N 4868. Orange/black leather cloth.
Odo: 6,807 km. The last evolution of the first
supercar. One of 150 SVs built before the end
of production in 1973. Rotisserie restoration
in 2005-06 to high standards, still excellent
throughout. Participated in a few rallies, so
it is supposedly well sorted. Titled as 1970 S
car sold in the U.K. at Bonhams' Chichester in
October '08 for $42,090 (SCM# 117781) which
was then considered a good deal by my SCM
teammate Paul Hardiman. It was a featured
car in Octane magazine in January '09, which
made a successful road test and helped to advertise
the sale of the car. Still, it sold here for
$35k. A true bargain this time.
#215-1968 FERRARI 330 GTC coupe.
S/N 10985. Rosso Amaretto/black leather.
Odo: 64,893 km. One of 600 built between
1966 and 1968. High level restoration with
concours-quality paint. Interior very good but
for veneer that would benefit from new varnish.
model #4521, a scrapped car, as the result of
#4868 being stolen back in the '70s. In a nutshell,
a nice car with some stories. Cond: 1.
NOT SOLD AT $475,000. This missed its low
estimate by $50k. A few no-stories #1 condition
SVs sold in '07 and '08 at prices between $800k
and $900k (SCM# 117464 & 47149), while
S models brought about half that. $550,000
sounds reasonable back then, but today?
#217-1970 MASERATI GHIBLI 4.7
spyder. S/N AM115S1221. Black/black
canvas/black leather. Odo: 37,682 km. One
of 125 spyders built between 1969 and 1973.
Undercarriage as new, engine bay spotless. An
excellent example that fits between the sporty
275 GTB and the 4-seat 330 GT 2+2. Cond:
1-. NOT SOLD AT $175,000. Missed the low
estimate by $25k. Even if Ferrari prices are
softening, this one deserved more than the high
bid, given its condition. If the owner can wait,
he'd be wise to do so.
84
in the past twelve months and fully sorted out.
One of the nicest original Boras available. Cond:
2+. SOLD AT $90,045. One of 571 built between
1971 and 1980. As usual, this was half the price
of a more common 512 BB or BBi in equivalent
condition. Still, it will never look as good as a
BB, and the V8 will never make the same sounds
as Ferrari's flat 12. Market correct.
#218-1983 FERRARI 512 BBi coupe.
S/N 51611. Gray/red leather. Odo: 2,826 km.
Coachwork by Pininfarina. Original Euro-spec
mint-condition car in an attractive color combination.
Plastic still on sills, paint unmarked,
engine compartment clean. The last of the
Sports Car Market
coupe. S/N AR1426457. Black/beige cloth.
RHD. Odo: 8,371 km. Coachwork by Bertone.
One of 3,925 built between 1970-77. In excellent
condition inside, outside, and under, but
some chrome is somewhat faded. Condition
of driver's seat supports claimed low mileage.
Fitted with Becker Mexico radio. Cond:
2+. NOT SOLD AT $50,000. The Bertone
Montreal body has to be seen in the flesh to
be appreciated. We've seen a number of these
cross the block at prices in the $30k range, so
for one with no real needs and a great overall
look, this bid was within the correct range.
#251A-1973 MASERATI BORA 4.7 coupe.
S/N AM117432. Red/beige leather. Odo: 9,160
km. An unrestored original Bora with certified
mileage. Close to factory new with the patina of
a 35-year-old Italian. Driven 3,000 kilometers

Page 84

Our Cars
1978 Porsche 911SC
2+. SOLD AT $1,302,075. Sold close to high
estimate. Difficult to value, but a few bidders in
the room wanted to burn tires with this 850-hp
full-grade weapon. As it's only one of two to
ever see significant racing action in period, I'd
call this a fair price for both parties.
#236-2001 FERRARI 333 SP Prototype
On the road
Owner: Chris Rich, née Paul Duchene
Purchase date: June 2009
Price: $10,750
Mileage since purchase: 3,398
Repairs since purchase: 0
Text message from Chris to Michael:
“ebay bidding porsh 911SC r u ok for a road
trip?”
Chris Rich is a “British car guy,” so what's
he thinking? He has a TR6, Sprite, and a
Lotus Elan. Is he defecting? This is a 31-yearold
car with 186,000 miles on the odo, and
from Portland to New York is 3,400 miles.
I'm Michael Pinkus, the “Porsche guy,”
but I've been unlucky lately. My 1996 911
C4S drowned in a freak flood, then the engine
in my 12,000-mile Cayman S was replaced.
Maybe my bad luck has run its course.
Chris convinced himself he had to own
this Porsche. He said: “No sweat, the car
originally belonged to Keith Martin, then
Paul Duchene of SCM.” Enough said, auction
won, flights booked.
In Portland, one visual frisking of the
Guards Red '78 Porsche and two weeks of
eBay angst evaporated. A&P Specialties
owner and 30-year Porsche maestro Al
Blanchard had serviced this car through
many owners and countless miles. It had
all the right upgrades, including oil-fed
chain tensioners, air box pop-off valve,
Euro sealed-beam headlights, and a short
shifter. As a bonus: Bilstein shocks, sports
seats, and new tires.
Blanchard walked Chris through the
controls, switches, and gauges, and advised:
“Check the oil when hot and running, never
jump the battery, check the belt if the generator
light lights up....” We pressed him about
spares, special tools, and weak links, but he
said we were good to go. So we went. (Visit
www.sportscarmarket.com/911roadtrip for
the rest of the adventure.)—Michael Pinkus ♦
series, and in this condition, likely one of the
best originals available. Cond: 1-. SOLD AT
$164,565. Well sold at the low estimate. This
was expensive in today's market, as most 512
BBis in decent condition change hands at
around the the $100k–$120k range. Still, this
one was more or less perfect, so I can't fault
the buyer.
#212-1988 LAMBORGHINI COUNTACH
Quattrovalvole coupe. S/N ZA9CA05A4JLA12320.
White/red leather. Odo: 18,512 km. U.S. model
converted to Euro specs in 2007 with Euro small
bumpers and some mechanical tuning. Shows
well inside and out, with unmarked wheels and
very clean engine bay. The '80s poster child
with huge rear wing and fender flares. Cond:
seat configuration. Cond: 1-. NOT SOLD AT
$924,000. Missed the low estimate by $50k.
RM failed to sell a similar car at its Maranello
sale in May '08 at $773,350 (SCM# 116791).
The value of these cars might go up when they
become eligible for the Ferrari Classiche,
which means 2011 for this one. If the seller can
hang on to it for now, he might do well to wait
and see.
AMERICAN
2+. SOLD AT $119,543. Sold above the high
estimate. I witnessed a European model in
similar condition but in a better suited bullish
red color fail to sell in February at Artcurial's
Paris sale at $110,500 (SCM# 119672). This
price was a little expensive in today's market,
but I think the buyer will still do all right in the
long run. Well sold.
TOP 10
No. 4
#234-1990 FERRARI F40
LM Competition coupe. S/N
ZFFGX34X0K0079891. Red/red cloth.
Coachwork by Pininfarina. One of 19 LM-spec
cars built, and one of two ordered by French
importer Charles Pozzi and sent to Michelotto.
Competed in five races in the U.S. with two
podium finishes, has not been on the track
since. After potential recommissioning, it will
be ready to enter next year's Ferrari Classiche,
where it should be a strong contender. Cond:
#255-1965 CHEVROLET CORVETTE
convertible. S/N 1946755119289. Red/black
leather. Odo: 58,318 miles. 327-ci 400-hp V8,
4-bbl, 4-sp. Fully prepped Lingenfelter smallblock
with all the modern goodies, including
side exhaust, a 4-speed, and a Posi. Common
in the U.S, but quite unusual on the French
South Riviera and probably not appreciated
racer. S/N 040. Eng. # 129. Red/black
cloth. RHD. The second-to-last of 40 racers
built between 1993 and 2001. Entirely
rebuilt in '01 following a crash at its only
race, retiring seven hours into the 2001
Daytona 24 Hours. Unused since and asnew.
A detuned Formula One racer in two-
Still miles from New York
86
as it should be by most. The perfect smiling
tool, provided you have ear plugs. I heard this
engine and it is a raw beast. Put together nicely
and sorted out, with restoration costs exceeding
$50k. Cond: 3. NOT SOLD AT $45,000. This
one missed its estimate by $10k. This toy was
all about the engine and having fun, not about
car collecting. Nobody in the room was willing
to shed $50k for it, and I would agree, as you
can probably find the equivalent in one form
or another on eBay Motors for a lot cheaper
these days. ♦
Sports Car Market

Page 86

RM Auctions Novi, MI
Classic Car Auction of Michigan
The majority of the cars were purchased by dealers, and many of them said
that keeping good stock in their inventory was becoming tougher
Company
RM Auctions
Date
April 24–26, 2009
Location
Novi, Michigan
Auctioneer
Brent Earlywine &
Frank Stapleton
Automotive lots sold / offered
121/252
Sales rate
48%
Sales total
$2,102,530
High sale
1950 Flxible B9-48 coach,
sold at $92,400
Buyer's premium
Healey Mk III missed its mark at a $24k bid
Report and photos by Phil Skinner
Market opinion in italics
E
ven though the economy of
Southern Michigan is in a tailspin,
RM had no intention of giving
up on the sale that launched this
company's success in both its native Canada
and the U.S. This was the city where their first
sale south of the border took place and thus an
essential annual pilgrimage to make. Staged
at the modern Rock Financial Center, everything
was held indoors and with an upbeat atmosphere.
The eclectic groups of cars offered—everything
from antiques and muscle to customs and rods both mild
and wild, plus a healthy selection of anything else on
wheels—kept the auction team on its toes.
The majority of the cars were purchased by dealers,
many of whom told me that keeping good stock in their
inventory was becoming tougher, and that while sales
might not be booming, customers are still looking for
dream rides.
Muscle cars, even decent real examples, were bring-
ing about the same prices as 2004–05, while “clones,”
“tributes,” “replicas,” or whatever you want to call a car
that is something today that is wasn't when new, have
taken some pretty severe hits.
Oddities seemed to do well if they were presented well: One example
was a no-stories 1957 Nash Ambassador hard top in pristine
condition, which sold at $26,950.
Michigan isn't high-end sports car territory, but those that showed up
didn't fare that badly. A dozen of the 23 Corvettes offered at this sale found
new homes, a decent early Datsun Z-car traded hands, and all three Ferraris
offered were called sold, though none for any sort of record.
Local promoter Ken Wallace worked
hard to pull this sale together, and with impending
disasters in the auto companies just around
the corner, it was a wonder that anything sold.
However, I didn't see any “dumping” or
ultra-desperate sellers crying their way to the
bank.
Rarely does RM take a swing at anything
and miss, and while this sale might not have
knocked one out of the park, it managed to
score. An inside source at RM told me there
has been some dialing back of the overhead
expenses and through proper management,
this sale ended up in the black. Look for RM to
return to Novi next year as well. ♦
Sales Totals
$1m
$2m
$3m
$4m
$5m
$6m
$7m
2009
2008
2007
2006
2005
10%, included in sold prices
88
Sports Car Market

Page 88

RM Auctions Novi, MI
ENGLISH
#SP21-1938 ROLLS-ROYCE PHANTOM
III Touring limousine. S/N 3CM117. Medium
Blue Metallic/gray leather. RHD. Odo: 68,902
miles. Coachwork by H.J. Mulliner. Once
stately and probably built to ferry about the elite
of the London social scene. Fitted with dual
enclosed sidemount spares, original Lucas signature
headlights, and trafficators. Unusual soft
trim application with leather to driver's seat and
rear passenger compartment. Looks like it has
been given a very cheap and cheerful respray a
number of years ago. Interior wood work needs
#SP53-1962 TRIUMPH TR3 B roadster.
S/N TFC1710L. Light yellow/black vinyl/black
vinyl. Odo: 80,203 miles. Restored in the past
few years. Body fairly straight, but some minor
dimples noted. Doors, hood, and trunk all fit to
factory standards, bright trim with some minor
scuffing, rear bumper with light scratching.
Underhood nearly spotless. Fitted with period
AM radio, fog lights, and original drum brakes.
some immediate attention, soft trim also in need
of replacement as it's starting to show its age.
Cond: 4+. NOT SOLD AT $45,000. With a
$150k-$200k restoration, which would be bringing
it up to a presentable condition, you might
have a car worth something in the $120k–$130k
range. The body was solid enough, and if it had
a history of royalty or other important owners or
passengers, the restoration costs would be better
spent—unless of course you just love the car and
want to see the glorious old lady come back to
life. Any more money than what was bid would
be throwing good money after bad.
#SP52-1954 AUSTIN-HEALEY 100-4
BN1 roadster. S/N 156609. Dark green/black
fabric/black vinyl. Odo: 32,714 miles. Exterior
looks great, with near perfect body panel
alignment, tight interior, proper fitting top, and
silver painted wires with fold-down windshield.
However, engine compartment shows a need
for detailing, and under the dash shows plenty
of overspray and loose wiring. Cond: 3. NOT
SOLD AT $24,000. This bid was a little below
some of the current price guides. The car was
not show-ready, with a lot of TLC required before
it can live that part of its life. I did see at
least one bidder on the car until it closed without
the reserve being lifted, so with lots of pre-sale
interest, I think this was the best money out
there—especially in the region.
90
like it has been well maintained. Cond: 3. NOT
SOLD AT $24,000. Pristine examples were
right around the $100k mark a year or so ago,
and $90k wasn't uncommon. The curve is not as
dramatic for lesser cars, and this example really
needed a major freshening and that will cost
money. Even with values on a downward spin
currently, this car still had a $30k potential, so
unless the seller was going to miss a mortgage
payment or needed to put food on the table, the
decision to hold on to this car was wise.
#SP113-1973 AUSTIN MINI COOPER
sedan. S/N XA251N0926863A. White/black
vinyl. RHD. Odo: 27,070 miles. Has the look
of being built for fun, and of course the “Bozo
T. Clown” signature on the doors doesn't have
new. Cond: 2-. SOLD AT $25,300. While this
wasn't anything like a record holder, it was hard
to believe it was valued at the same level as an
Austin-Healey or even an economy Ferrari. The
new owner should be able to afford to do some
freshening and detailing, which will probably
happen if it was a dealer with his hand in the air.
However, a private owner will probably keep it
as-is, banking on the novelty of the beast.
ITALIAN
#SP109-1982 FERRARI 308 GTSi targa.
S/N ZFFA02ACC0038843. Red/black vinyl/dark
brown leather. Odo: 18,070 miles. Coachwork
by Pininfarina. Early model year production
with all the maladies sorted out. Original paint
shows minor swirls, soft trim clean, seats show
Sports Car Market
Cond: 2+. NOT SOLD AT $22,250. A rather
interesting “fill-in” model with a bigger engine.
Perfect for racing when new, but many
were abandoned in their youth due mainly to
electrical issues. Now you can't find enough
to meet the demand in the $10k-$12k range, a
few step up to the upper teens, and few even
venture to the $20k or above category. This
was a premiere example and was well worth
the bid, but not the $4k–$5k more the seller was
looking for.
#SP80-1965 AUSTIN-HEALEY 3000
Mk III convertible. S/N HBJ8L31264. Dark
green/black fabric/black leather. Odo: 60,633
miles. Older semi-professional full restoration
now starting to show its age. Light swirling in
paint, scuffs to chrome including some bubbling
on bumpers. The top boot patched, gauges still
clear. Sony radio well installed, wood dash looks
anything to do with that. Fitted with aftermarket
Minilite wheels, engine tweaked and is said to
be a blast to drive. Evidence of some light body
repairs done in the garage with paint applied by
any means possible. Cond: 3-. NOT SOLD AT
$6,400. Hitting $6,000 on the block kind of took
the “fun” out of this deal, as that seemed like
serious money for this car. The seller was really
looking for something closer to $9k before the
sale, but he was willing to go home with $7k.
He admitted he wasn't that anxious to part with
his friend, so it's no surprise this didn't sell here.
The high bidder should be able to find a better
LHD example out there for this same price.
GERMAN
#SP54-1958 BMW ISETTA 300 coupe.
S/N 498966. Light blue/dark gray fabric/dark
blue vinyl. Odo: 20,719 miles. Body sound,
few minor chips and some fish-eyes in paint,
windshield sports wiper marks and a couple of
minor pits. Chrome redone over small pre-existing
pits. Seating area clean and door works well,
engine seems to run out just fine with a minimum
of blue smoke. Tires and wheels both look

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RM Auctions Novi, MI
marks, etc. Upgraded audio system about the
only visible modification. Cond: 2. SOLD AT
$31,900. At this price, it's a relatively inexpensive
way into Ferrari circles, and there's plenty
of money left over for a nice red jacket with big
yellow prancing horse on the back. A decent
deal for both parties.
acceptable wear and tear. Upgraded audio
system, wheels look uncurbed, tire sidewalls
show some discoloring but no cracking. Engine
bay recently serviced and fairly clean. Cond:
2-. SOLD AT $35,200. For the condition, this
price was pretty close to spot-on for the current
market. There are a lot of other examples out
there with much higher prices going unsold, and
if they're much cheaper than this, you really
have to do some digging on the car's history and
maintenance before spending the money.
#622-1988 ALFA ROMEO GRADUATE
spider. S/N ZARBA5643J1062538. Red/black
fabric/black leather. Odo: 28,214 miles. Used in
the film “Prayers for Bobby” and autographed
by Sigourney Weaver. Minor scratches to paint,
some bubbling noted on lower regions. Equipped
with Pioneer stereo system, passenger's door
inoperative from inside or out. Cond: 3. SOLD
AT $5,610. Last seen here in April '07, where it
sold at $7,128 (SCM# 45178). Cheaper than a
Triumph Spitfire and a lot more car, even though
it needed a bit of work. More owners should be
breaking out their tool kits in this market, and
cars like this will give you plenty of practice.
#SP108-1988 FERRARI MONDIAL
Quattrovalvole 3.2 cabriolet.
S/N
ZFFXC26ABJ0075257. Red/tan fabric/tan
leather. Odo: 25,848 miles. Decent paint appears
to be from the factory, interior shows some crinkling
and pedal wear commensurate with miles
shown. Looks like the original owner didn't
have many friends, as the other seats show little
to no wear. Engine bay clean but not pristine,
glass all factory original with no chips, cracks,
have a working Moto-Meter as a bonus. Cond:
3+. NOT SOLD AT $8,100. Not all Model Ts
were black, and not all Model Ts are worth their
weight in gold, or silver, or even copper. This bid
was more than fair for the car, especially when
compared to other recent sales of nice Ts restored
to this level. If it was owned by the same person
who put the love and care into its restoration,
they could hold on to it for a while longer, but I
don't think I'd invest much in making it nicer.
#SP23-1928
STUDEBAKER
COMMANDER 4-dr touring sedan. S/N
4043068. Burgundy & black/black vinylized
fabric/tan broadcloth. Odo: 69,321 miles. Full
restoration at least ten to 15 years old. Loaded
with all sorts of period extras, including dual
side-mount spares, extra cowl lights, and grille
guards. Paint shows a little bit of age but could be
freshened, chrome and brightwork mirror bright,
glass clear with no cracks or delamination noted.
Mechanically appears to be ready to hit the road.
Cond: 2+. NOT SOLD AT $31,000. Not technically
a classic, but a grand car nonetheless. The
block. Shifts well and clutch reportedly light to
the touch. Cond: 3. NOT SOLD AT $40,000.
First seen at Kruse Tulsa in June '04, where it
sold at $31,590 (SCM# 34266). Seen again at
Bonhams' Brookline sale in October '08, where
it sold at $83,070 (SCM# 118454). A very welcomed
member of the Cadillac-LaSalle collectors'
circle. The seller was looking for something
closer to $50k here, and maybe with a deep
detailing and the right crowd it'll do enough to
go to a new home.
#SP103-1948 KURTIS KRAFT MIDGET
racer. S/N 035. Red/black vinyl. Ready for
vintage racing. Period-correct Halibrand wheels,
engine topped with Meyer intake, Offy heads,
hand-crafted exhaust, Winfield cam, and Johnny
White windscreen. Fiberglass upper body, lower
pan is original sheet metal. Full two-year restoration
after being found in a barn. No verified race
history, but has possible links to a number of drivers.
Seller says it qualifies for vintage speed contests.
Cond: 1. NOT SOLD AT $23,000. Seller
was looking for something a lot closer to $30k,
which, considering its condition, would have been
AMERICAN
#SP64-1926 FORD MODEL T 2-dr sedan.
S/N 14495522. Olive Green & black/gray
striped cloth. Older restoration probably done in
the garage of a caring owner. Engine tidy but not
show-quality, nickel plating on grille and other
items showing some age, sheet metal as nice as
when it came from the factory. One good sized
scratch in paint on driver's door. Appears to
workmanship was excellent, and the amount it
must have taken to have restored this sedan even
15 years ago had to have been over the top. This
bid did not come near what it must have cost to
build the car, but I think the seller's decision to
hold on to this “Studie” can only mean that he
loves it more than the market says it should be
loved.
#SP22-1939 CADILLAC SERIES 61
convertible sedan. S/N 8294605. Black/tan
canvas/red pleated leather. Odo: 49,507 miles.
Older quality repaint, interior fabric appears to
be original and fairly well preserved. Fitted with
enclosed side-mount spares as well as original
radio, heater, and clock on dash. Underhood
complete but in need of deep detailing.
Mechanically sound but needs some tuning as
it was very hard to start before coming to the
92
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RM Auctions Novi, MI
worth it in good times. He didn't complain about
missing any mortgage payments or feeding the
kids, so he can take it home and admire it while he
works on his next project. Eventually this car will
attract a buyer willing to pay more than this.
#SP00-1950 FLXIBLE B9-48 motorhome.
S/N 8735. Eng. # FB5075404. White & dark
green/beige and gray fabric. Odo: 24,675 miles.
The ultimate motorhome of its day, used on a
few trips and then parked. Only fitted with a few
updates along the way, like an RCA HiWay HiFi
record player and and a few extra gauges. All
appointments are period 1950, including early
propane refrigerator, stove, and water heater.
Fully contained and very well preserved. An
excellent presentation. Cond: 3+. SOLD AT
$92,400. Besides being the top-dollar lot at
Novi this year, this was the one with the most
interest. Several bidders traveled to raise their
hands, but a phone bidder in Europe was reported
to be the winner. An original and a great
piece of roadside Americana. Well bought even
at this price.
#SP36-1954 MERCURY MONTEREY
Sun Valley 2-dr hard top. S/N 54SL28589M.
Two-tone green/green plexiglas/green &
white vinyl. Odo: 77,463 miles. Professional
quality body-off-frame restoration, bodywork
beautiful with alignment at or above factory
specs, interior done on a bit of a budget as the
materials used were not like original. Engine
compartment spotless, but engine was painted
miles. 352-ci V8, 2x4-bbl, auto. Older cosmetic
restoration with excellent exterior trim. Doors,
deck, and hood all fit well, but some body panels
do show a bit of age, especially the rear valance.
Fitted with radio, heater, clock, dual exhaust,
and dual rear antennas. Ultramatic transmission
and self-leveling system both functioning as designed.
Cond: 2. NOT SOLD AT $55,000. This
car was no slouch. This was just not the right
day or the right crowd. In recent months, The
Worldwide Group sold a comparable 1956 at its
Escondido sale for $66k (SCM# 120018), and
I'd say this car's value should have been in the
low $60k range. The seller was right in holding
out for more.
#436-1957 OLDSMOBILE SUPER 88
Holiday 2-dr hard top. S/N 578C01217. White/
red & white vinyl & black cloth. Odo: 81,437
miles. 371-ci V8, 3x2-bbl, auto. At first glance
this car looked like a big white boat, but it was
rather handsome up close. Stock wheels chrome
plated, baby “Moon” hubcaps used. Excellent
paint, all trim replated or polished. Fitted with
original clock, heater, and three-piece triptych
to match the car. Top shows no crazing, instruments
clean and clear, chrome flawless. Started
up with less than half a crank. Cond: 2+. SOLD
AT $40,700. I recently saw a '55 version of this
model top the $70k mark. The '54s are more
common, so the values are a bit less. Great eye
appeal, but with all the money spent on the restoration,
shelling out for an authentic interior
and correct underhood detailing would have
brought more here.
#SP14-1955 PACKARD CARIBBEAN
convertible. S/N 55881366. White, black, &
red/white fabric/red & white leather. Odo: 66,566
94
rear glass. Rockers a little wavy, dash cut to fit
modern radio. Cond: 2-. SOLD AT $47,300. For
a quality car, even in tough times, good money
can still be found. This was right at the top of the
market, and with the J2 triple-carb setup, it will
not only look good but go fast, too. Most of the
parts I didn't care for can be corrected, and even
the radio's opening can be masked with chrome,
the use of which was not spared when this car
was new.
#SP07-1964 CHEVROLET CORVETTE
convertible. S/N 40867S108132. Ermine
White/tan fabric/saddle leather. Odo: 35,799
miles. 350-ci V8, 4-bbl, 4-sp. Older high-quality
cosmetic restoration. Paint very good, with
no signs of stress or other cracking, but right
headlight pod needs minor adjustment. Interior
proper, with both inside and outside matching
the build tag. Equipped with power steering,
Sports Car Market
lenses. Cond: 3-. SOLD AT $8,910. This model
never was blessed with a hi-po edition, unless
you count the spin-off Barracuda, so unlike a
Falcon, which had the Sprint, or the Chevy II,
which had a Nova SS, the Valiant was just a nice
economical car to own and drive, much as it is
treated in the collector car market. The seller
had actually been looking for something in the
$19k range, but thankfully he took the money
and ran.
#SP79-1966 CHEVROLET NOVA SS
2-dr hard top. S/N 117376N124212.
Dark Teal Metallic/teal vinyl. Odo:
14,552 miles. 230-ci straight 6, 2-bbl, auto.
Excellent paint, even if not an original flavor,
interior done well in a matching hue. Surprising
genuine six engine in an SS is very authentic in
appearance. Interior well appointed with heater
and AM radio, but some minor blemishes to
power brakes, AM/FM radio, knockoff wheels,
sidepipes, and even a bow-tie rearview mirror.
Fitted with '67 disc brakes. Cond: 2+. SOLD
AT $71,500. A couple of years ago, on a stage
to the west, this might have seen six figures and
been in the low $90k range in other places, but
the market has pulled back a bit, and while cars
like this have dropped, the seller should be quite
proud of the money it brought. The new owner
can expect appreciation on this purchase, but it
might take a while.
#449-1965 PLYMOUTH VALIANT Signet
convertible. S/N V452695320. Medium tan
metallic/black fabric/black vinyl . Odo: 63,461
miles. Older repaint of original color starting to
show its age, interior appears to be original, top
dates from 1993. Underhood undetailed. Fitted
with radio, heater, and dual exhaust. Wornlooking
dash panel, scuffed trim, crazed plastic

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RM Auctions Novi, MI
brightwork detract slightly. Chassis and suspension
all look factory-fresh. Cond: 2+. SOLD AT
$10,010. A sweet buy for the high bidder, and
the seller might have broke even on the investment
if he did a lot of work on his own. With
the economical six, mileage will be good, but
the bigger, more powerful V8s continue to do
50% to 75% better in the marketplace. Still, a
wonderful buy for the high bidder.
#413-1966 CHEVROLET CORVETTE
coupe. S/N 194376S119159. Blue & white/blue
leather. 454-ci V8, 4-bbl, 4-sp. With the exception
of the wheels and '67 stinger hood, a basically
stock-appearing ride. Fitted with power
steering, power disc brakes, aftermarket radio,
and American Racing mags. Restoration completed
several years ago, with a few nicks in paint
today. This one had a big-block, a little body, and
decent workmanship throughout, and in today's
market, this price was right on the market.
#SP03-1969 SHELBY GT350 fastback.
S/N 9F02M482086. Grabber Blue & white/
white vinyl . Odo: 50,800 miles. 351-ci V8,
4-bbl, auto. Professionally restored during the
late 1990s, has been basically a show-room
stopper since then. Owner claims all drivetrain
components original, with paint and Shelby factory
sheets seeming to back that up. Some minor
deterioration under the hood, but detailing and
since. Chrome generally very good, underhood
clean but not sterile. No signs of stress or other
outer maladies. Cond: 2. SOLD AT $47,300.
If you aren't concerned about authenticity and
look only for appearance and power, this would
have been the car for you. The seller didn't post
the 454's horsepower rating and the odometer
was obscured, but it really didn't matter, as the
car had looks, sounded strong when driven to
the block, and made both buyer and seller smile.
Both well bought and sold.
#SP37-1968 PLYMOUTH BARRACUDA
Formula S 2-dr hard top. S/N BH23H8B153436.
Dark red/black vinyl. Odo: 4 miles. 383-ci V8,
4-bbl, auto. Documented car with original fender
tag and Govier authentication. Fairly fresh restoration,
but it has not been handled with the greatest
of care, with minor scuffing to chrome and some
indications of paint having been dusted with a
dry cloth. Several scratches noted in back glass.
fresh decals would help. Cond: 2. NOT SOLD
AT $60,000. Last seen at eBay/Kruse Auburn
in May '02, where it failed to sell at $31,000
(SCM# 28200). The Shelbys are without a doubt
the strongest Ford product in the muscle car
realm, at times even out-performing the Boss
429. However, there's a huge selection of these
Mustang-based street terrors, and these last
editions have really taken a hit in this current
market condition. In early 2007 this would have
been in the $100k range, but I think in the right
locale it might do $70k–$75k today.
#619-1970 BUICK SKYLARK Custom
convertible. S/N 444670H348819. Red/white
vinyl/black vinyl. Odo: 46,672 miles. 350-ci V8,
4-bbl, auto. Older pro-level repaint in the original
color needs some polishing, chrome trim shows
some scuffing, light soiling to top and some
weatherstripping needs to be replaced. Fitted
with lots of goodies like power steering, power
brakes, tilt wheel, and original AM/FM radio.
70,002 miles. 340-ci V8, 3x2-bbl, auto. Decent
restoration is a few years old, has been shown
around the southern Michigan and northern Ohio
areas and has seen some minor deterioration
from being moved around. Paint and panel gaps
nice, rear valance panel a bit out of alignment.
Fitted with AM radio, rim-blow steering wheel,
heater/defroster, front disc brakes, and rally road
wheels. Cond: 2. NOT SOLD AT $51,000. This
same car was last seen at RM Novi in November
'02, where it was a no-sale at $31,000 (SCM#
29411). While values of these cars shot close to
the $100k mark, they have dropped, but to what
level? Another example in similar condition but
different color was bid to $61k, although it too
was a no-sale. I'd consider today's market value
close to the middle between these two non-selling
bids.
#SP82-1970 PLYMOUTH 'CUDA 340 2-dr
hard top. S/N BS23H0E118392. Lemon Twist
& black/black vinyl/black vinyl. Odo: 40,387
miles. 340-ci V8, 4-bbl, auto. Older cosmetic
restoration in original color, numbers-matching
drivetrain. Sheet metal gaps nice, paint in very
good condition, taillights show minor pitting and
hood pins are scratched. Fender tag was Govier
decoded and everything looks factory, including
Fitted with original AM radio, heater/defroster,
Redline tires, and hood-mounted turn signal
indicators. Cond: 2+. SOLD AT $41,800. While
everyone went nuts for the 1970 'Cuda, these
second-generation Barracudas had a few high
performance variants, and these did not seem to
get caught up in the muscle mayhem of a few
years ago, making them even more attractive
96
Cond: 3. SOLD AT $11,220. Not a muscle car,
but an average drop-top convertible. Bid was
well within market range. Not a big winner for
the seller, and not a major money maker for the
buyer. However, this was not a bad car for the
money, and its value may increase by a little bit
over the next couple of years—maybe ahead of
inflation if everyone is lucky.
#SP66-1970 PLYMOUTH 'CUDA AAR
2-dr hard top. S/N BS23J0B289391. Lemon
Twist & black/black vinyl/black vinyl. Odo:
AM radio and Tic-Toc-Tach. Fitted with heater
but no a/c. Interior shows some wear and tear.
Cond: 2. SOLD AT $42,900. As muscle cars
go, this was far from the most potent, but a 340
is plenty for the guy (or gal) who wants to go
kind of fast, and the package looked great, with
all the visual cues of a 440 or Hemi version. At
the height of the mania, some of these 340s hit
the mid-$60k level, but this price was closer to
reality for the condition presented. Well bought
and sold.
#SP94-1970 SHELBY GT350 fastback.
S/N 0F02M483000. White & black/black &
white vinyl. Odo: 70,029 miles. 351-ci V8, 4bbl,
4-sp. A real-deal original car with proper
pedal wear for the miles indicated. Exterior
presentable as a preserved car, interior shows
Sports Car Market

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Glovebox Notes
2009 Toyota Venza 4WD 5-door
sedan
A brief look at cars of interest that have passed
through the SCM stable. HHHHH is best.
#SP105-1972 CHEVROLET CORVETTE
convertible. S/N 1Z67K2S502385. War Bonnet
Yellow/black vinyl. Odo: 66,519 miles. 350-ci
300-hp V8, 4-bbl, 4-sp. Tired orginal car with
little or no attempt at detailing. A number of
paint touch-ups visible in older repaint, several
bubbles in front end near headlights, panel alignment
surprisingly good. Interior needs detailing
Price as tested: $38,224
Likes: Elegant, sophisticated, but groaning with
$10,000 of options, including 4WD, nav, 6CD
player, Sirius, MP3, panoramic moon roof,
back-up camera. 265-hp V6 delivers 0–60
mph in 6.7 seconds, 6-speed auto manages 25
mpg highway. Precise steering and handling,
excellent brake feel, little road noise. Dual
climate controls, all four leather seats recline.
Useful 70-cu-ft capacity with rear seat down,
power rear liftgate.
Gripes: Give me a real “insert” key. Proximity
factor of “ignition thing” makes it hard to
tell if you locked it. Back-up camera a must
to compensate for thick C-pillars, small back
window.
Fun to drive: HHHH
Fun to look at: HHH
Overall experience: HHHH
Verdict: Pretty much a bullseye for a crossover.
About six inches lower than Highlander; feels
much lighter, becomes familiar and useful
very quickly. Now build me a 35-mpg hybrid.
2009 Volkswagen CC Coupe
aging such as splits on arm rests and wear and
tear on panels. Equipped with power steering,
disc brakes, orginal AM radio, alloy wheels,
sport mirrors, NASA hood, and unique front
lower valance spoiler. Cond: 3. NOT SOLD
AT $45,000. The current owner has had the
car since the late 1970s, when it was purchased
from the brother of a Vietnam casualty. It was
originally purchased in late 1971 after sitting
in a showroom for more than a year. From the
condition of the car, I wasn't sure if it was really
for sale, as there was little or no detailing under
the hood and minimal cleaning effort inside. The
bid was soft, but even if it had been better by a
third, I don't think it would have gone to a new
home.
#NR07-1972 OLDSMOBILE CUTLASS
Hurst/Olds Indianapolis 500 Pace Car 2-dr
hard top. S/N 3J57U2M308727. White &
gold/black vinyl. Odo: 38,450 miles. 455-ci V8,
4-bbl, auto. Verified as one of the festival cars,
options include sunroof, Hurst shifter, W25
hood, SSII wheels, factory AM/FM, a/c, 3.23
Posi, and all power equipment. Comes with
and cleaning up. Fitted with manual steering
and brakes, 3.36 Posi, and an aftermarket audio
system. Cond: 3. SOLD AT $16,500. A decent
buy in an early C3. This car was not nearly as
nice as others, but it commanded a better price.
I don't think these cars will be going down much
more, barring a Presidential decree outlawing
decadent sports cars, so the time to buy would
be now. With the price paid, there's room left for
detailing and cleaning up.
#609-1981 CHEVROLET CHEVETTE
4-dr sedan. S/N 1G1AB6898A153728. Burnt
Orange Metallic/Camel vinyl & cloth. Odo:
16,727 miles. A well preserved original car, with
factory paint, interior, and chrome. One headlight
bezel peeling, under the hood clean but
not concours-ready. Fitted with basic AM radio,
heater/defroster, and little else. Rust-proofed
Price as tested: $28,225
Likes: Miniature Mercedes-Benz CLS for half
price. Beautiful fit and finish. Remote actually
works as an electronic key in the car. 200-hp
direct-injection turbo 4-cylinder feels more
like 250 hp. 25–30 mpg acceptable. Bentleystyle
black and white interior suitably outrageous.
Speed-variable power steering well
sorted, 6-speed manual transmission a joy.
Predictable handling, comfortable seats, minimal
road noise, back seat OK for two, if they
aren't tall. Spacious trunk.
Gripes: Push-button electronic park brake feels
like accident waiting to happen. Sirius reception
could be better.
Fun to drive: HHHH
Fun to look at: HHHH
Overall experience: HHHH
Verdict: Handsome evolution of latest Jetta/
Passat designs attracts comment and questions.
High fun factor. Feels well sorted and
well built; if you're worried about how it will
be at 80,000 miles, try a four-year lease. A
worthy competitor to the Mazda 6. ♦
98
build sheet. Graphics and paint have a patina of
age. No detailing work looks to have taken place
getting it ready for this sale. Autographed by
Linda Vaughn. Cond: 3+. SOLD AT $21,010.
When seen a year ago at this same sale, there
was still a lot of excitement in the area about
collector cars. Times have changed, and while
some of the market has been stable, this car
took almost a 50% hit, as it sold for $40,700
in 2008. The seller may have rethought his noreserve
decision, unless of course he needed
out of the car.
from the dealer, originally listed at $6,047 when
new. Cond: 3+. SOLD AT $4,290. This price
was right on the market for this little car. While
not too exciting, it's a part of our heritage, and
had it been left to its own devices, it would have
sunk into the ground by now. If gas prices go
back up, this might not only be a novelty collector
car, but also a viable means of transportation
as well. ♦
Sports Car Market

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Worldwide Group Seabrook, TX
Houston Classic Auction
Selling seven-figure cars is a challenge; four were bid to that level but failed
to meet sellers' expectations and went back to their trailers
Company
The Worldwide Group
Date
May 2, 2009
Location
Seabrook, Texas
Auctioneer
Rod Egan
Automotive lots sold / offered
68/106
Sales rate
64%
Sales total
$4,961,250
High sale
1936 Auburn 852 boattail
speedster, sold at $291,500
Buyer's premium
Wheels on the lawn, keels in the water
Report and photos by Carl Bomstead
Market opinions in italics
d'Elegance at the Lakewood Yacht Club in
Seabrook, Texas. The spectacular setting is
located on Clear Lake just south of Houston and
a few miles from the NASA facility. The area was hit
hard by Hurricane Ike in September last year, and while
some of the effects were still evident, Seabrook has really
made remarkable strides in its recovery.
The concours presents a wonderful selection of vin-
W
tage boats and collector cars, and spectators spend much
time walking the docks and admiring the Chris-Craft
and Century speedboats, along with the majestic 1941
57-foot Elco Serenity. Over 200 cars were presented
on the lawn of the yacht club, and the decision for Best
of Show was difficult. Peter and Merle Mullin's 1939
Delahaye 165 convertible was selected, although Chuck
Swimmer's 1938 Peugeot Darl'Mat 402 roadster and
Cathy Gauche's 1948 Delahaye were given strong consideration.
The Best of Show for American cars went
to Frank Ricciardelli's 1935 Duesenberg J dual cowl
Phaeton.
The Worldwide Auction, with its welcoming air-
conditioned tent, unfortunately continued a market
trend that finds selling seven-figure cars a challenge.
102
orldwide again held its Houston
Classic Auction in conjunction
with the annual
Keels & Wheels Concours
Four were bid to that level but failed to meet sellers' expectations and
went back to their trailers. The striking 1936 Delahaye 135 S “Court”
teardrop coupe was bid to $1.9m and was included in that group of
four.
For the most part, 1950s cars sold well, and a freshly restored 1953
Oldsmobile 98 Fiesta convertible went for almost $200,000 with some
wheelin' n' dealin', after it stalled at $150,000 crossing the block. The colors
were right and the restoration flawless, and to my eye the price was a bargain.
A number of Cadillacs from the Sterling McCall Museum were offered at no
reserve and sold well. A 1939 Cadillac V16 convertible sedan was of particular interest,
as its massive 141-inch wheelbase and $6,110 price tag when new set it apart from
anything else on the streets of the day. It sold for a reasonable $170,000, leaving room
for the new owner to freshen it up a bit.
The overall results reflected a worldwide
(the geography, not the company) slide, as sales
here fell by over $6m, compared to last year's
$11.5m, and 31 fewer cars found new owners.
Many sellers have not adjusted to the new market
conditions and will find it difficult to sell
when they are looking for last year's values.
The Worldwide event and the Keels &
Wheels Concours combine for an exciting carfilled
weekend (having SCM's publisher Martin
as emcee for both the boat and the car awards
was a real plus this year), and this year the
weatherman cooperated, with clear blue skies,
moderate humidity, and a cooling breeze. ♦
Sales Totals
$2m
$4m
$6m
$8m
$10m
$12m
2009
2008
2007
2006
2005
10%, included in sold prices
Sports Car Market

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Worldwide Group Seabrook, TX
ENGLISH
#74-1928 ROLLS-ROYCE PHANTOM I
Boattail tourer. S/N 99EH. Maroon & aluminum/tan
leather. RHD. Odo: 34,549 km. First
bodied by Thrupp & Maberly, rebodied in the
'50s as a replica Barker boattail tourer. Extensive
engine work performed in early 2008. Mitchell
overdrive installed for highway driving. Sold
D-types can evolve out of this, but the restoration/construction
will cost a ton. I think the
seller should have taken the money and not
looked back.
#58-1959 JAGUAR XK 150S roadster.
new to His Highness Prince Mdivani. Showing
signs of age, so just driver quality now. Cond:
3. SOLD AT $110,000. I watched this sell at
RM's Monterey sale in August '08 for $110,000
(SCM# 117491), and after moving it around
the country and paying auction fees, this price
represented a small loss. Well bought, as it'll be
welcome at any RROC event.
#51-1934 ROLLS-ROYCE PHANTOM
II Continental drophead coupe. S/N 120SK.
Ebony & French Gray/black fabric/taupe
leather. RHD. Odo: 8,805 miles. Coachwork by
H.J. Mulliner and Chapron. A well-documented
car that has been maintained in its original configuration.
Newer respray with a few scratches,
windshield also shows some scratching.
that won't bring home many trophies. Cond:
3. SOLD AT $112,000. These have been a bit
soft of late, as they have been coming out of
the woodwork for just about every auction.
Considering this one's less-than-perfect condition,
the price was fair for both sides... and I
hope the new owner does something about that
orange fender welting.
FRENCH
#79-1936 DELAHAYE 135S Competition
Excellent leather interior with ebony veneers.
Complete with books and records from new.
Cond: 3+. NOT SOLD AT $360,000. Last seen
at RM's 2008 Hershey sale, where it failed to
sell at $430,000 (SCM# 118295). This is on the
slippery slope to nowhere. Can you say shop
worn? In real estate the first offer is very often
the best one, and that sure applies here.
#68-1955 JAGUAR D-TYPE Short Nose
roadster. S/N XKD544. British Racing Green.
RHD. One of 42 production D-types built.
Unsold by the factory and fitted with prototype
fiberglass body. Converted back to alloy body
in the late '70s, F.I.A. papers obtained in 1981.
In as-raced condition and offered with original
fiberglass body. Cond: 4. NOT SOLD AT
$2,250,000. What price history? Perhaps two
104
Teardrop coupe. S/N 46809. Eng. # 103J.
Black/maroon leather. RHD. Odo: 5,395 km.
The only alloy teardrop coupe by Figoni &
Falaschi. Early racing history. Cotal pre-select
transmission, short “court” wheelbase with
competition modifications. Restoration from
early 2000 still shows well, with just minor
paint issues and touch-ups. A stunning example
of Figoni & Falaschi coachwork. Cond: 2.
NOT SOLD AT $2,000,000. The well-promoted
cover car for the auction catalog. It has
to be hard to say no to $2m, but this should
S/N S830420DN. Eng. # VS10109. Carmine
Red/black fabric/red leather. Odo: 13,830
miles. Jaguar Heritage Certificate. Orange
fender welting most unusual. Trunk trim pitted,
noticeable scratch in left front fender. Very
nice interior, paint blemish on trunk. A driver
wonderful wood trim. CCCA Senior First some
years back. Cond: 3. NOT SOLD AT $180,000.
French Blue is not the best resale color, but
even so, the price bid was a touch light. The
car had issues, and while the estimates may
have been a bit aggressive at $260k–$290k, the
car should have brought at least $200k, if not
a touch more.
GERMAN
#99-1957 PORSCHE 356A 1600 Speedster
replica. S/N S161. Red/black fabric/black
vinyl. Odo: 2,295 miles. A fakey-doo replica
speedster. Windshield cracked, rust bubbles in
paint, cheap interior and top do not fit well. No
have brought more. A 135MS sold for $1.7m
at Bonhams Carmel sale in August '06 (SCM#
42661), and the teardrop is much more striking.
I wonder if another quarter million would
have done the job?
#43-1947 TALBOT-LAGO T26 Record
cabriolet. S/N 100365. French Blue/gray
fabric/tan leather. RHD. Odo: 2,646 km. Wellmaintained
older restoration. Wilson pre-select
transmission, unique window shades. Dash
knobs deteriorating, older respray holding up
well with minor swirls noted. Good brightwork,
worries about this one being confused with the
real thing. Cond: 4. SOLD AT $22,000. All the
money here for a needy replica. The car had
lots of issues, and none of them would be all
that easy or cheap to fix. Very well sold.
ITALIAN
#46-1951 FERRARI 340 AMERICA
coupe. S/N 0126A. Red/black leather. RHD.
Odo: 6,312 km. One of two bodied by Touring.
Older restoration still showing well, with only a
few small paint chips on hood. Plexiglas quarter
windows, non-original 340 block. History
from new, once owned by Charlie Chaplin's
son. Well maintained. Cond: 2. NOT SOLD
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Worldwide Group Seabrook, TX
known example, once in the Henry Austin
Clark Collection. 84-volt electric motor with
four forward and reverse gears. Tiller steering,
dash-mounted jump seat. A significant car.
Cond: 2. SOLD AT $85,800. Rauch & Lang
built electric cars from 1905 until 1920. It's
hard to say how much is too much to pay here,
as this is the only known example extant and
it's a unique piece of American automotive history.
A fair transaction all the way around.
#30-1922 FORD MODEL T Texaco Tanker
AT $1,000,000. Last seen at RM's Monterey
sale in August '05, where it sold at $973,500
(SCM# 39216). The seller was looking to do
better than just breaking even on his four-year
ownership, so he turned down the offer. In the
current state of things, that may have been a
mistake. Time will tell.
S/N AM1011453. Silver gray metallic/black
fabric/red
#54-1963 MASERATI 3500 GTi spyder.
leather. Odo: 46,620 miles.
Coachwork by Vignale. One of only 2,223 GTs
and GTis produced between 1957 and 1964.
Cost $13,000 when new. Restored in the early
'90s and well maintained since, with generally
decent paint and Borrani wires. A touch
Wood spoke wheels, decent interior, tanks hold
120 gallons of product. Cond: 3. SOLD AT
$33,000. Just the thing if you have a restored
Texaco station out back. The price paid does
not seem like a lot of money for a unique truck
if you have a need for it. Texaco is big in Texas,
so maybe an employee bought it to show off in
the parking lot.
above driver quality. Cond: 3+. NOT SOLD
AT $200,000. The GTi replaced the GT's three
carbs with Lucas fuel injection. Last seen at
Gooding's Scottsdale sale in January '08,
where it sold at $253,000 (SCM# 48781). It
was either bought to flip or the owner found an
issue he didn't want to deal with. Either way the
value is heading south, and he will have to take
his lumps if he needs out.
AMERICAN
#85-1914 RAUCH & LANG MODEL R
Electric roadster. S/N 50398. Black/black
fabric/tan wool. Restored some 40 years back,
but still shows well inside and out. The only
signs of age. Fleetwood coachwork rather than
Fisher. An attractive Full Classic in unusual livery.
Cond: 2-. SOLD AT $214,500. In today's
market, I'd say that this was a fully valued
sale. I would, however, suggest that in a different
color, it might have done a bit more, as
Emerald Green is not everyone's favorite on a
big Full Classic.
#40-1932 PACKARD 903 Deluxe Eight
coupe roadster. S/N 193219. Eng. # 194115.
Burgundy & silver gray/tan fabric/maroon
leather. Odo: 69,152 miles. Older restoration
106
Sports Car Market
#27-1931 CADILLAC 370-A V12 Dual
Cowl Sport phaeton. S/N 1001774. Emerald
Green/tan canvas/beige leather. Odo: 26 miles.
Older restoration of a striking V12 Cadillac.
Fitted with trunk rack and dual Trippe lights,
chrome sidemount covers and hood vent doors
a bit much. Paint presentable but showing
Incorrect air cleaner, reproduction hood ornament.
A very striking and desirable Duesenberg.
Cond: 1-. NOT SOLD AT $1,250,000. Last
seen at Barrett-Jackson's Scottsdale auction
in January '08 with brown livery, where it sold
at $1.1m (SCM# 48527). A quality Duesenberg
that will bring more when the market picks up.
The seller is in no rush to sell the car, and I'm
willing to bet he'll get his money at some point
down the road.
#21-1933 LASALLE 345C sedan. S/N
2001330. Beige & Dove Gray/tan fabric.
Odo: 65,554 miles. Introduced to
fill the gap between Cadillac and Buick, and advertised
as built to Cadillac standards. Very nice
restoration appears fresh, excellent paint with
roadster pickup. S/N 6827269. Black/black
vinyl/black vinyl. Restored some years back as
a Texaco delivery truck. Reproduction Texaco
porcelain signs, quickie respray on oil cans.
still very presentable. Older AACA and CCCA
awards. Dual sidemounts and stoneguards.
Older respray shows a few minor issues. Very
nice interior, engine bay clean and tidy. Cond:
2. SOLD AT $253,000. Desirable Full Classics
are holding their own in this turbulent market.
Wonderful styling on this open Packard will
garner all kinds of attention at the next CCCA
CARavan or Grand Classic, and the price was
fair to both parties.
#57-1933 DUESENBERG MODEL J
Dual Cowl phaeton. S/N 2355. Red & black/
black fabric/red leather. Odo: 2,809 miles. La
Grande was a name created by Duesenberg
for bodies from Union City Body. Distinctive
side panel sweep into door. Recent high quality
respray, excellent brightwork, flawless interior.

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Worldwide Group Seabrook, TX
crack at right front door handle. Exceptional
interior fitted with rear vanity set. Front Trippe
lights. An excellent tour car. Cond: 2. SOLD
AT $37,400. All 1927-1933 LaSalles are Full
CCCA Classics, and they're sleepers in the
CCCA world. Often overlooked in favor of
their big brother, they are an excellent value.
This example was finished in attractive livery
and was well restored, and at this price, it was
an excellent buy.
#81-1936 AUBURN 852 Supercharged
boattail speedster. S/N 5266. Red/tan fabric/
beige leather. Odo: 79 miles. AACA National
First from 1976. Fitted with Watson centrifugal
supercharger. Older respray showing signs
of age with spidering and cracks through-
$415 option. Quality restoration with little to
fault. Minor paint touch-ups, wonderful interior,
correct air cleaner. CCCA National First
#2325. Cond: 2. SOLD AT $198,000. Quality
examples sold recently for twice what was paid
here. Considering this one's condition, I'll call
this extremely well bought. It wasn't so nice
that it couldn't be driven, so the new owner can
have at it.
#77-1938 BUICK MODEL 80 Roadmaster
sport phaeton. S/N 13383019. Taupe/white
canvas/brown leather. Odo: 47,022 miles. One
of 350 Sport Phaetons, once owned by the
President of the Buick Club. Older body-off
restoration still shows well, but some noted
issues include cracking and spidering paint and
out. Whitewalls yellowing, door fit slightly
off, engine bay shows signs of age and use.
Chrome headlight buckets fitted. In need of a
little TLC. Cond: 2-. SOLD AT $291,500. This
failed to sell when it crossed the block, but the
Worldwide crew went to work and made it happen.
Considering the needs noted, this was a
fair price, so no concerns here.
#47-1936 FORD STANDARD Woody
wagon. S/N 82797048. Gray & wood/black
vinyl/brown vinyl. Odo: 165 miles. Older restoration
still shows well. Roll-up front windows,
curtains in back. Paint acceptable considering
it's an older respray, interior shows well,
rear window molding gouged due to window
handle. Interior dash knobs worn, window
delaminating. Fitted with dual sidemounts and
fog lights. There's work to do to bring it back to
its former glory. Cond: 3. SOLD AT $72,600.
These have a select following, and decent open
examples have been selling in this range, so no
harm done here.
#22-1939 CADILLAC 39-90 V16 con-
vertible sedan. S/N 5290067. Dark green/tan
canvas/tan leather. Odo: 65,235 miles. One
of only eleven V16 convertible sedans with
roll-up windows. Older restoration shows a
few issues. Paint for the most part very acceptable
but shows some chipping on sidemounts.
wood has signs of age and use. Fitted with 1940
Ford juice brakes. An attractive woody. Cond:
2-. SOLD AT $69,300. This won't bring home
many awards, but it is an attractive driver that
will be fun at Woody meets and tours. A fair
price considering the condition. No issues on
either side here.
#56-1937 CORD 812 Supercharged pha-
eton. S/N 31766H. Cigarette Cream/black
cloth/red leather. Odo: 60,009 miles. Classic
Gordon Buehrig styling. Equipped with
Schwitzer-Cummins supercharger, which was
108
rather than Hydra-Matic. Attractive tan leather
interior. Cond: 3. SOLD AT $82,500. Skirts
were a $17.50 option in 1941. A number of
these were restored in assembly line production
in Alabama a few years back, and this had the
look of their work—attractive, but don't look
too closely at the details. Price paid seemed a
bit strong, so I'll call this well sold.
#82-1950 MERCURY MONTEREY
coupe. S/N 50SL99716. Raven Black/yellow
Sports Car Market
brightwork, very nice leather interior. Not
as elegant or as desirable as the '41 Packard.
Cond: 2-. NOT SOLD AT $77,000. The 160
was a step down from the 180, but both are
CCCA Full Classics. Several examples of the
Packard 120, which is the Junior series, have
recently sold for more than what was offered
here. Based on those sales, I'd say this 160
should have brought a bit more. Another $5k or
so should have been enough, and I'm surprised
it didn't happen.
#23-1941 CADILLAC SERIES 62 con-
vertible sedan. S/N N31309034. Maroon/tan
canvas/tan leather. Odo: 92 miles. Older restoration
showing signs of use and age. Orange
peel in paint, blemish on right fender skirt,
hood fit off a bit. Taillight housing pitted, body
filler visible here and there. No fog lights, stick
Rear wood window trim gouged by window
handle. Clean engine compartment From the
Sterling McCall museum. Cond: 3. SOLD AT
$170,500. This will get attention at most any
car event, and the V16 badges tell folks that it's
something special. You could spend a whole lot
more for a lot less of a car, so I'd say this deal
was fair all around. All should be happy here.
#53-1940 PACKARD 160 Super Eight
convertible sedan. S/N A2304599. Maroon/
tan cloth/maroon leather. Odo: 13,893 miles.
Restored several years back and still presentable,
but driver's door has a half inch gap at
bottom. Paint well maintained but shows a
few swirl marks and minor touch-ups. Good

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Worldwide Group Seabrook, TX
with much attention to detail. Carburetor tags
all aligned. A very strong presentation. Cond:
1-. NOT SOLD AT $250,000. These are well
off their high of a few years back. Worldwide
sold another for $440,000 at its November '07
Hilton Head auction (SCM# 47636), but recent
auctions have seen these bid to just slightly
higher numbers than offered here.
vinyl/yellow & black vinyl. Odo: 41,023 miles.
Mileage thought to be original. Extensive
restoration in a unique color combination.
Engine with period performance modifications
including Edelbrock heads, dual carbs, and lots
of chrome. Most went under the customizer's
knife, so it's refreshing to see this outstanding
example. Cond: 2. SOLD AT $53,900. Strong
money here, but if this is something you lusted
after in high school, then so what? A well-done
example that brings back a lot of memories. Just
the ticket for the 40th high school reunion.
#78-1951 FORD CUSTOM DELUXE
Country Squire Woody wagon. S/N
B1EG141403. Mexicali Maroon & wood/tan
vinyl. Odo: 48,201 miles. Older restoration
with original wood and interior. Fitted with BA
flathead V8. Driver's door handle missing, door
fit uneven. Paint acceptable and showing only
#72-1953 OLDSMOBILE 98 Fiesta convertible.
S/N 539M40169. Regal Turquoise
& Polar White/white vinyl/turquoise & white
leather. Odo: 5 miles. One of just 458 Fiestas
produced in the only year of production. Overthe-top
fresh nut-and-bolt restoration exceeds
factory specs throughout. Flawless leather
interior, paint deep and smooth, brightwork
Very nice interior with no issues. Small break
in grille and blisters in front bumper chrome.
Otherwise a strong presentation. Cond: 2. NOT
SOLD AT $130,000. First seen at the Kruse/
Leake Tulsa sale in June '93, where it sold at
$29,000 (SCM# 915). Seen again at Russo and
Steele's Monterey sale in August '07, where it
brought $143,000 (SCM# 46489). Last seen at
Russo and Steele's Scottsdale sale in January
'08, where it sold for $157,300 (SCM# 48591).
Driven less than 200 miles since, but the grille
damage was not noted before, so that may be
new. Prices on these have not been very predictable,
but $27k is a short haircut for owning
a car just a touch over a year.
#14-1954 CHEVROLET CORVETTE
to a high standard. Undercarriage just as nice.
Incorrect T-3 headlights the only flaw, as they
were not used by GM until 1956. Cond: 1.
SOLD AT $195,000. I thought this could go for
half again as much, considering its outstanding
condition. It stalled at $150,000 on the block,
but a deal was made later in the afternoon at
this price. Well bought.
minor issues, glass not chipped or scratched.
Radio delete. Well preserved and well presented.
Cond: 3. SOLD AT $56,100. The price
paid was under the money, so the new owner
has room to take care of the issues. Could have
sold for $10k more without concern. Chalk this
one up for the buyer.
#64-1953 CHEVROLET CORVETTE
roadster. S/N E53F001153. Polo White/black
fabric/red vinyl. Odo: 46,132 miles. 235-ci
150-hp straight 6, 3x1-bbl, auto. One of 300
first year Corvettes produced, extensive restoration
completed in November '08. Bodywork
and panel fit exceeds factory specs, excellent
paint with no flaws noted. Engine spotless
#36-1953 OLDSMOBILE SUPER 88
convertible. S/N 538W1794. Turquoise /black
cloth/Oxblood leather. Odo: 49,298 miles.
Older restoration that still appears fresh. Fitted
with power windows, Autronic eye, skirts, and
back-up lights. Orange peel visible in paint,
Cond: 1-. SOLD AT $138,600. Last seen
at RM's Fort Lauderdale sale in February
'07, where it sold at $85,320 in 3+ condition
(SCM# 44289). The seventh of the four black
'54 Corvettes I've seen over the past year or
so. All claim to be original, or at least that's the
way the sellers bought them. This seems like
a ton of money for an over-restored '54 that
would be buried by Bloomington judges.
door jambs not resprayed. Side glass missing
window fur, engine compartment well detailed.
Cond: 2. SOLD AT $68,200. The price paid was
up there, but the car was worth it. If it had been
a 98, it would have brought $5k–$10k more,
but as such, a fair transaction all around.
#66-1954 BUICK SKYLARK convertible.
S/N 7A1102103. Carlsbad Black/black cloth/
red leather. Odo: 39,613 miles. Recent restoration
to high standard. Very nice paint with minor
buffing swirls, passenger's door fit off at top.
110
#91-1954 MERCURY MONTEREY Sun
Valley coupe. S/N 54LA10104M. Park Lane
Green/Bloomfield Green/Turquoise & Ivory
vinyl. Odo: 74,806 miles. “Glass Top” Sun
Valley coupe with seldom-seen accessory
zip-in liner. Loaded with options including accessory
steering wheel and power everything.
Recent respray with a few minor blemishes,
brightwork nice, undercarriage spotless. Cond:
1-. SOLD AT $88,000. An over-the-top price
for an over-the-top Sun Valley. I doubt if you
Sports Car Market
roadster. S/N E54S002655. Black/beige fabric/red
vinyl. Odo: 61,997 miles. 235-ci 155-hp
straight 6, 3x1-bbl, auto. Recent frame-off restoration,
paint exceeds factory spec by factor
of two, door fit off at bottom and driver's door
does not close properly. New interior properly
installed. Stated to be one of four 1954s finished
in black. Not judged by NCRS or Bloomington.

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Worldwide Group Seabrook, TX
options and the nice condition, I'd have to
say this was well bought. Could have brought
another $5k or so without question.
could restore one for what was paid here, so
this was an example of paying a premium for a
premium car. Can't fault the buyer's logic. Well
bought and sold.
#37-1955 OLDSMOBILE SUPER 88 convertible.
S/N 558K21523. Red & white/white
vinyl/red & white leather. Odo: 19,621 miles.
Frame-off restoration. Loaded with goodies
including power windows, power seats,
power steering, and power brakes. Straight
and solid body, smooth paint, wing windows
#32-1957 FORD THUNDERBIRD convertible.
S/N E7FH221598. Dusk Rose/black
canvas/pleated black & white vinyl. Odo:
52,315 miles. 312-ci V8, 2x4-bbl, auto.
Equipped with correct air cleaner, which is very
unusual. Excellent paint and panel fit probably
much better than new. Engine bay sparkles,
with correct markings. Much attention to
vinyl/3 tone vnyl. Odo: 80,042 miles. 283-ci
V8, 4-bbl, auto. Equipped with Continental kit,
flipper wheel covers, and dual rear antennas.
Recent respray to a high standard, unusual vinyl
top color, incorrect rear window application.
Engine bay spotless, with correct markings.
Cond: 2. SOLD AT $77,000. The '58s are not
as popular as the Tri-Fives, but they're coming
into their own. I wondered about that top, but
still, the price paid was in line with the current
market considering this car's very nice condition
and sparkling engine compartment.
#28-1958 CADILLAC ELDORADO
Brougham 4-dr hard top. S/N 58P063101.
Alpine White/stainless steel/white & black
leather. Odo: 43,413 miles. 365-ci V8, 3x2-bbl,
auto. Pillarless hard top with brushed stainless
detail throughout. Shown once with a First in
Class win. Cond: 1. SOLD AT $104,500. An
exceptional “E-Bird,” with dual 4-bbl carbs,
that sold for an exceptional amount. This was
a case of paying the price and buying the best.
I doubt if the new owner will ever regret the
“extra” money he spent.
#31-1957 CHEVROLET CORVETTE
delaminating. Excellent brightwork, engine
compartment detailed. A strong car. Cond: 2+.
SOLD AT $60,500. A 98 Starfire convertible
would bring another $5k or so, but I doubt if
that car at that price will be as nice as this
example. Considering the condition, this was a
lot of Olds for the money. Well bought and sold.
Smiles all around.
#61-1956 CHEVROLET NOMAD wagon.
S/N VC56L034400. Sierra Gold & Adobe
Beige/tan fabric & vinyl. Odo: 2,432 miles.
265-ci V8, 4-bbl, 3-sp. Fresh exterior and interior.
Stain on left front fender, paint blemish
on right rear, panel fit good throughout. Loaded
with options including wire wheel covers,
power seats, and Wonderbar radio. Extremely
rare remote outside mirror and locking gas cap.
Engine detailed with correct markings. Cond:
2. SOLD AT $52,250. Considering the unusual
to 1963–64 racing configuration, but fitted
with non-original engine and transmission
case. Numerous recent awards. Cond: 2. NOT
SOLD AT $450,000. Extensive history and a
quality restoration should equal big bucks, but
bidding fell short here. It should be worth more
considering all it had going for it, but the market
did not think so on this day in Houston.
#93-1958 CHEVROLET IMPALA convertible.
S/N F58J235106. Ermine White/tan
A striking Eldo that's not as garish as a '59.
Cond: 2. SOLD AT $70,400. I watched this
cross the block at McCormick's sale in Palm
Springs in February '06, where the seller
turned down $80,000 (SCM# 40944). Only two
more miles had been added to the odometer
since. Was most likely worth close to $90k three
years back, and $70k today is the new market.
Timing is everything.
COPO racer. S/N E57S104387. Onyx Black/
red vinyl. Odo: 38,428 miles. 283-ci 283-hp
fuel-injected V8, 4-sp. One of 43 Corvettes
equipped with RPO 579E Rochester fuel injection.
Extensive racing history with 24 victories
and 55 top-three finishes. Quality restoration
roof and air suspension. Right rear bumper
chrome peeling off, paint nicked at trunk, dash
worn, vanity set and door trim bezel missing.
Three owners from new. Cond: 2-. SOLD AT
$84,700. These stunning and unique Cadillacs
are seldom offered, but when they show up they
sell for a bit more than was paid here. The vanity
set, however, is a $10,000 item, and they are
almost impossible to find. At the price paid, the
new owner can take care of a few issues while
he combs the fields of Hershey looking for the
vanity set. Well bought.
#29-1960 CADILLAC ELDORADO
Biarritz convertible. S/N 60E058743. Red/red
leather. Odo: 18,914 miles. 390-ci V8 3x2-bbl,
auto. One of 1,285 triple-carb examples built.
Older restoration showing its age, with what
appears to be rough body prep on tail fins and
blisters on trunk. Complete with parade boot.
112
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Worldwide Group Seabrook, TX
#95-1960 CHEVROLET IMPALA convertible.
S/N 01867B123092. Roman Red/
white vinyl/red vinyl & houndstooth. Odo:
98,375 miles. 348-ci V8, 4-bbl, auto. Older
respray with a few issues. Trim worn and pitted,
side windows do not fit correctly. Equipped
vintage racing clubs. Body in as-raced condition.
Sold on bill of sale. Cond: 3. SOLD AT
$44,000. This was hammered sold as it crossed
the block, but Worldwide's early auction results
showed it as a no-sale. Later on, it was back in
the sold column, so a little behind-the scenesactivity
might have taken place. Well bought,
considering interesting history.
#63-1978 PONTIAC TRANS AM coupe.
with power windows, power seats, and power
steering. Later a/c unit and AM/FM stereo installed.
A striking car with a long list of needs.
Cond: 3-. SOLD AT $45,100. The price paid
here was all the money, considering the stacks
of bills it will take to bring this up a notch or
two. Well sold.
#88-1960 PONTIAC BONNEVILLE
convertible. S/N 860A3414. Eng. # 536387.
Cameo Ivory/white vinyl/tri-color red leather
& Morrokide. Odo: 54,169 miles. 348-ci V8,
3x2-bbl, auto. Rare combination of a/c and
Tri-Power. Kelsey-Hayes eight-lug wheels.
Decent paint, several scratches on rear bumper,
minor pitting to trim. Long list of options, but
without power windows. New seats, original
One of only 2,044 produced. Cond: 2. SOLD
AT $56,100. Buyer paid a number 3 price for a
number 2 car. He has room to fix the little nits
and still be just fine. Had the seller fixed the
parade boot, it may have brought more, as that
was an obvious issue that raised additional
questions.
#90-1961 CHRYSLER 300G convertible.
S/N 8413197153. Mardi Gras Red /tan leather.
Odo: 24,700 miles. 413-ci V8, 2x4-bbl, auto.
Recent restoration to high standard. Quality
respray with no issues, minor scratches on
bumpers. Fitted with cross ram induction,
swivel bucket seats, and Golden Tone radio.
Wonderful dash and steering wheel. Attention
to detail obvious here. Cond: 1-. NOT SOLD
side panels, new top fits properly. A solid car
that shows well. Cond: 2. SOLD AT $55,000.
This failed to sell when it crossed the block, but
a deal came together later. It was bought by a
buddy of mine who was very pleased with the
car when it was delivered. He feels he bought
it for well under the money, and I'd agree with
that, as one in slightly better condition brought
$105,300 at Bonhams' Greenwich sale in June
'08 (SCM# 116925).
#12-1960 LINCOLN MK V convertible.
S/N OY85H418950. Killarney Green/white
vinyl/two-tone green leather. Odo: 41,372
miles. 430-ci V8, 4-bbl, auto. Stated to have
original mileage as well as all books and records.
Decent respray did not include engine
compartment. Interior replaced earlier this
year, parade boot loose. Loaded with options
including breezeway rear window, but no a/c.
AT $115,000. Last seen at Seroka's West Palm
Beach auction in December '91, where it failed
to sell at $42,500 (SCM# 3935). Values have slid
a bit on these of late, but the bid was light by
at least $10k, considering this one's condition.
I was surprised a deal could not be put together
with a little give and take on both sides.
#35-1967 CHEVROLET CORVETTE
racer. S/N 032 518. Blue/black. 366-ci 675-hp
V8, 4-bbl, 4-sp. From John Mecom's racing
stable. Owned by Delmo Johnson, who raced
Grand Sport s/n 003. Crashed in 1982 and
rebuilt to 1974 IMSA specs, less than hour on
engine since completion. Accepted by major
Original paint with a mild rash, exhaust modified,
engine bay sparkles. A time warp “Darth
Vader” Grand National. Cond: 2. SOLD AT
$25,300. I'd call this extremely well bought.
These have been sleepers, and one with documented
low mileage is a real find. If the new
owner maintains it in its present condition, I
wouldn't be surprised to see it bring twice this
price in the not-too-distant future. ♦
Embroidered Bandit headrests, aftermarket
stereo and Cobra CB radio. Mileage appears to
be original. Did not appear in the “Smokey and
the Bandit” movie, but cool nonetheless. Cond:
2. SOLD AT $51,700. A fun car to own if your
buddies remember the words to “East Bound
and Down.” Regardless, a premium was paid
here, and car belongs in a museum rather than
on the Interstate with some redneck talking on
the CB.
#9-1987 BUICK GRAND NATIONAL
coupe. S/N 1G4GJ1175HP420154. Black/gray
fabric. Odo: 4,636 miles. Original low mileage
documented with mileage statements. Books
and records include original window sticker.
S/N 2W87Z8L153389. Black/black leather.
Odo: 15,881 miles. 400-ci V8, 4-bbl, auto.
Owned and restored as “The Bandit” by Burt
Reynolds. Paint very acceptable, with gold
Firebird on hood. Body fitted with ground
effects, flairs and spoiler. Snowflake rims.
114
Sports Car Market

Page 114

eBay Motors Online Sales
You Shouldn't Have, Really
“I will have the Long Thing for sale in a few weeks if you do not like it
short.” In other words, it appears the size of your Thing does matter
Report by Geoff Archer
Market opinions in italics
I
f some things are better left
unsaid, then surely some
projects are better left
unstarted. Like these,
perhaps.
Condition inferred from seller's
descriptions; cars were not
physically examined by the
author. All quoted material taken
from the eBay listings. (sf=seller's
feedback; bf=buyer's feedback)
#250284344955-1971 VOLKSWAGEN
BEETLE Custom roadster. White & blue/tan
leather Saab seats. 20 Photos. Grand Rapids,
MI. 1937 Citroën Traction Avant body which,
according to unverifiable legend, “was used
by both Nazis and French Resistance fighters,
and eventually bought by a American GI...
Somewhere along the years it was fit to the
VW chassis. Soon after my purchase, I had it
modified into an open top roadster.” Film-maker
seller explains that it was only intended to be a
with this distracting announcement, “I will have
the Long Thing for sale in a few weeks if you do
not like it short.” In other words, it appears the
size of your Thing does matter.
#270369418662-1960 FERRARI 250 GT
coupe. S/N 250J3593GT. Flat black/yellow
steel, black Kirkey seat. 1 Photo. Grand Rapids,
MI. Ferrari body shell draped over a tube chassis.
Headlights replaced with dog dish hubcaps.
Aluminum chin spoiler looks to be straight off a
NASCAR trunklid. Mesh grille, Plexi windows,
crude wheel openings to accommodate massive
slicks. Red, banana-shaped rear wing with aluminum
pole flying buttresses. Dings, rivets, and
work, the other one can take over and replace
it. It has 2 transmissions which are both manual.
Economic, gas saver, and very reliable.” Hard
to tell how many pedals it has. 0 bids, sf 0, bf
N/A. Cond: 2+. NOT SOLD AT $20,000. These
people need to spend more time lifting weights
and reading about Porsche 908s and less time
dropping acid and reading Dr. Dolittle. $20k
opening bid demonstrates they are seeing double
in all aspects.
#300183906308-1974 VOLKSWAGEN
35 footer, and that is why there is no glass, most
electrics don't work, and you have to stop it
with the handbrake (after borrowing a battery to
start it.) 12 bids, sf 4, bf 52. Cond: 4-. SOLD
AT $3,000. Even though I do not want to finish
building it, take it all apart, drive it, or sit in the
back on top of that hot flat four, I still recognize
that this was a good deal on a ridiculous conversation
piece. Any logical reason for not paying
twice as much would have certainly suggested
not buying it at all... and any such buttoned-up
notions obviously got no traction here.
#120314761997-1973 VOLKSWAGEN
BEETLE Custom sedan.
S/N
JF1AF43B1FB107567. Red/tan vinyl front &
gray cloth rear. Odo: 130,000 miles. 15 Photos.
St. Cloud, FL. “This car is an invention. It is a
'73 Volkswagen 111 Buggie in the back and a
'85 Subaru GL in the front. And it does work. It
has 2 motors (one located in the back and another
in the front), so if one of them were to fail or not
116
Brand new front, narrow beam, 4x spring over
coil shocks.” Needs lights and windshield to be
street legal. 1 bid, sf 130, bf 0. Cond: 2. SOLD
AT $4,000. Seems like a deal by a couple grand,
but there's no way to know without drivetrain
specs. Seller might have cut the bidding short
Sports Car Market
THING Custom. Olive Green/khaki canvas
bikini top/khaki canvas. 24 Photos. Ellenton,
FL. Body shortened ten inches and mounted
onto a Superbeetle tunnel. Deep dish 356A
style rims “do not convey in this sale, instead
it will have stock a 4 lug wheels.” Top and
interior new. Teak floorboards look very Smith
& Hawken. “New gas tank, $1500...in paint,
scuffs abound. Interior consists of a roll cage and
a single Kirkey seat. Claimed 650 hp. 23 bids, sf
160, bf n/a. Cond: 4. NOT SOLD AT $5,301.
Apparently, the owner of this very wrong Ferrari
thought dropping it off at the local eBay helper
store “Sold-It, Ship-It” would be the right way
to sell it. I'm guessing their staff has never seen
one either... and that would explain the pathetic
description and photos, which surely influenced
the bidding (negatively). I'm also guessing some
of you sick bastards think this is kind of cool,
and you'll be wanting to know that their number
is 616.365.2000.
#220224307757-1983 FIAT SPIDER 2000
convertible. S/N ZFRAS00B9D5501806. Fly
Yellow/black vinyl/tan vinyl. Odo: 59,000
miles. 44 Photos. Long Island, NY. Mesh headlight
covers, bumper delete, Olds 442-style dual
hood scoops, Ferrari badges on hood, horn, and
manifold shield. Also fitted with faux sidepipes
and BBS-type wheels. Wing molded into rear
fenders, huge external gas filler, padded roll bar,

Mystery Photo Answers
Comments With
Your Renewal
Reading SCM is better than
Raise your hand if you're taking on water.
—Mark Chute, Strafford, VT
RUNNER-UP: Pre-function
assembly before group attempt
at Niagra.—Doug Metzker,
Portland, OR
A floating car made of 1960s
German steel, with a Triumph
engine and Lucas electrics… what
could go wrong?—Rod Diridon
Jr., Santa Clara, CA
Wisconsin decides it needs
its own navy.—Al Nelson,
Pentwater, MI
In an ongoing effort to
deter pirates, the entire Somali
navy engaged in maneuvers
off the coast.—Mickey Lowitt,
Greenwich, CT
We were deceived by the
inflatable decoys they carried,
and they swept ashore in waves,
unopposed.—Scott Eldredge, La
Honda, CA
Once SCM started report-
ing the increasing prices for
Amphicars, the cars started
to flood the market.—Steve
Thomas, Bronxville, NY
So you see, son, in the spring,
when the tide is low, it's time
for the Amphicars to leave the
water and begin to breed on the
wet sand.—Norman Vogel, San
Francisco, CA
When the Germans saw
the Allied special forces landing
at Omaha Beach in their
Amphibious Assault Vehicles,
they knew the tide of the war had
turned.—Matthew B. Fenster,
Troy, MI
Raise your hand if you need to
leave the class.—Miles Morris,
Weston, CT
Polish special forces prepare
for an ill-fated amphibious assault
on Germany in this undated photo
from the 1960s.—Matt Frankel,
Prescott, AZ
Damn it, Martha, now look
what you've started. Either put
your top back on or we're leaving
the beach RIGHT NOW!—John
Reeder, Greensboro, VT
There have been many great
cars, and there have been many
great boats, and there have been
neither.—Lorrie Peterson,
Brooks, GA
Ship of Fools, Car of
Idiots.—Dicky Riegel, Bedford
Hills, NY
Wave your hands if you are
having strong second thoughts
about what you are doing.—
Dennis Thalmann, Husseren les
Chateaux, FRA
Trials for the first post-global
warming Grand Prix.—Norman
Falkiner, Melbourne, AUS
Nobody really seemed to
mind that there were no jet skis
available for rent this year at
Dorkfest-By-The-Sea.—Eric Van
Nice, San Diego, CA
What lure are you using,
Larry? It's got 'em all excited.—
Bruce G. Williams, Denver, CO
And you thought paddle
shifting was trickle-down F1
technology.—Kick Wheeler, New
Milford, CT
Yet another activity for Pebble
Beach week, the Monterey Bay
Regatta.—Dale Pope, Plymouth, IN
Under a full moon, the am-
phibicars came back to the beach
of their birth to lay their eggs.—
Jim Rosenthal, Annapolis, MD
Owners of the car that revolu-
tionized drowning put on a demonstration
of confidence in their
bilge pumps.—Dan Faustman,
Elk Grove, CA
You said this route wouldn't be
as crowded as the interstate.—Bill
Barnett, Zanesville, OH
Because he recognizes an SOS
en masse when he sees one, Mark
Chute wins a soon-to-be-collectible
official SCM cap. ♦
This Month's Mystery Photo
Response Deadline: July 25, 2009
Our Photo, Your Caption
Be the author of the most accurate, creative, or pro-
vocative response and receive a Sports Car Market cap.
Ties will be arbitrarily and capriciously decided.
Fax your response to 503.253.2234; email: mystery-
photo@sportscarmarket.com; snail mail: Mystery, P.O.
Box 4797, Portland, OR 97208-4797. Please include
your name and contact information.
Send us your mystery photo. If we use it, you'll also get
an official SCM cap. Email photos at 300 dpi in JPEG
format.
120
eating homemade pie!—Jerry
Boone, Colleyville, TX
Very tidy and still fun to read.
However, I think it is time for you
guys to kick it up a notch—come
up with something new. Wow me,
more adventure, more drama.—
Carlos Amato, Los Angeles, CA.
How about $12.4m for a 250 TR?
That's pretty dramatic.—KM
Most honest collector car mag
I've read. Keep it up.—Daniel
Dietrich, Sherman Oaks, CA
I get six auto magazines,
but yours is the only one I read
cover to cover.—Fred Berndt,
Milwaukee, WI
Excellent! The best car
magazine I get. Keep it up.—Peter
Warner, Taos, NM
It ain't broke! No reason to
fix it—Gary Gettleman, Santa
Cruz, CA
Maybe an article on looking for
classics on Craigslist?—William
Weinberg, Santa Ana, CA
Like the odd reviews on old
planes, tanks, etc. Makes for variety,
so keep them coming.—Roy
Girasa, Beaverton, OR
I can't wait to get the next
issue. It's the only magazine I
read cover to cover; including the
ads.—Michael McGuinness, San
Diego, CA
Always one of my favorite
magazines. Very irreverent, which
is good. Keep the bikes.—James
Gatz, Abrams, WI
Don't change a hair—except
maybe more on American
Classics! Next to medical journals,
you are the best read I receive.—
Ed LaMotta, MD, Fort Meyers,
FL. Probably fewer million-dollar
cars in the medical journals.—KM
Expand the auction results.—
Gerry Drescher, Stuart, FL
Love the magazine. Please,
more motorcycle coverage.—Hugh
G. Rection, New Carlisle, IN
Good read. More features
on Alfa Romeo.—Michael
Mammoliti, Bathurst, AUS
The best, change noth-
ing.—Carl Sanger, Houston, TX
More “Future Classic”
features? Or are there that few
to pick from? Keep up the great
work.—Chris Clark, Pittsford,
NY. Well, the Plymouth Prowler
hasn't played out all that sucessfully.—KM
Always a great read.—Kirk F.
White, New Smyrna Beach, FL
Great mag, but one quibble:
The winning captions on your
mystery photo contest should
never exceed a dozen or so words.
Brevity is… you know.—Roger
Vance, Crescent City, CA
And thanks to all of you for
your thoughtful comments and
your renewals.—Keith Martin ♦
Sports Car Market

1932 Ford: Brookville Metal Kit
Incomplete roadster pickup estate sale. Complete
rebuilt 289 engine on stand and many new parts,
some are chrome and performance. $35,000
invoiced excluding labor. Responsible offers will
be submitted to Executrixes. Charles W. Clarke
860.658.2714 (CT).
Mustang GT sportsroof
out against a field of Mach I's both on the road
and as an investment. This is an excellent car that
NEEDS NOTHING and performs as great as it looks.
PRICE REDUCED $ 29,900 with all reasonable offers
considered. Email shelby68@netscape.com for
more photos or information.
RACE
Thunder Roadster
Factory Road Race Package Demo, virtually as new.
First titled in 2006. Stored, very little use, full race
shop freshened this year - 100% ready to go. None
nicer, never hit, as new. This is the one you have
been searching for! $8,700 takes it! 805.466.1015
or automojo@hughes.net
Factory original 351W (M-Code). 4 Speed, maroon
exterior with correct hood black-out and black
deluxe interior. Tasteful and subtle performance
modifications with increased power and improved
handling make this an incredible car to drive,
approximately 350 horsepower. Freshened paint
and correct engine compartment show extremely
well. Correct and rare pop-open GT gas cap, quad
exhaust tips, front and rear spoliers, sport mirrors,
correct engine and 9” rear-end tag, voltage regulator,
date coded hoses, coil plug wires, and much
more. Documentation includes Marti report, owners
manual and warrantee card, and window sticker.
The rare and low production 1969 GT's really stand
Original 1971 SCCA B-Prod. Corvette
PROCRASTINATORS!! You are growing old, you said
you would do this. Here is your ticket to the Vintage
Big Bore Grid. Fast, safe, sorted, inexpensive to
own and reliable.Race ready today - $19.5 Call
805.466.1015 or email automojo@hughes.net
August 2009
125

Page 124

RESOURCE DIRECTORY
Advertise in the SCM Resource Directory. Call 877.219.2605 x222 for information, e-mail: scmadvert@sportscarmarket.com.
Auction Companies
Artcurial-Briest-Poulain-Le Fur.
33.1.4299202, 33.1.42292021. Maison
de vente aux enchères, 7, Rond-Point
des Champs Elysées, 75008 Paris.
artcurial@auction.fr www.artcurial.
com. (FR)
Barrett-Jackson Auction.
480.421.6694, 480.421.6697. For nearly
four decades, the Barrett-Jackson Auction
Company has been recognized
throughout the world for offering only
the finest selection of quality collector
vehicles, outstanding professional
service, and an unrivaled sales success.
From classic and one-of-a-kind cars
to exotics and muscle cars, BarrettJackson
attracts only the best. Our
auctions have captured the true essence
of a passionate obsession with cars that
extends to collectors and enthusiasts
throughout the world. A television
audience of millions watch unique and
select vehicles while attendees enjoy a
lifestyle experience featuring fine art,
fashion and gourmet cuisine. In every
way, the legend is unsurpassed. N.
Scottsdale Rd, Scottsdale, AZ 85251.
info@barrett-jackson.com. www.barrett-jackson.com.
(AZ)
Bonhams. +44.207.228.8000,
+44.207.585.0830. Montpelier St.,
Knightsbridge, London, SW7 1HH.
www.bonhams.com. (UK)
Bonhams & Butterfields.
415.391.4000, 415.391.4040. 220 San
Bruno Avenue, San Francisco, CA
94103 www.butterfields.com. (CA)
Branson Collector Car Auction.
800.335.3063, 417.336.5616. 1316
W. Hwy. 76, Suite 199, Branson, MO
65616. www.bransonauction.com. (MO)
tor House Lyncastle Road Warrington
England. WA4 4BSN www.handh.
co.uk. (UK)
and Brokers —is one of the world's
premier auction houses, specializing in
the procurement and sale of the world's
finest automobiles and vintage watercraft.
www.wwgauctions.com. (TX)
Tom Mack Classics. 888.TOM.
Mecum Collector Car Auction-
eers. 815.568.8888, 815.568.6615.
Auctions: Kissimmee, Kansas City,
Indianapolis, St. Paul, Bloomington
Gold, Des Moines, Columbus and
Chicago. “Mecum Auction: Muscle
Cars & More” on Discovery Network's
HD Theater. www.Mecum.com 950
Greenlee ST, Marengo, IL 60015 www.
mecumauction.com. (IL)
Palm Springs Auctions Inc.
Keith McCormick. 760.320.3290,
760.323.7031. 244 N. Indian Canyon
Dr., Palm Springs, CA 92262 www.
classic-carauction.com. (CA)
MACK, PO Box 1766, Indian Trail, NC
28079. Three annual auctions in Charlotte,
NC: April, September, and January.
Selling Southern muscle, collector,
and antique cars with experience and
integrity for 24 years. North Carolina
auction license 4017. www.tommackclassics.com.
(NC)
Alfa Romeo
Jon Norman's Alfa Parts.
510.524.3636, 1221 Fourth Street,
Berkley, CA 94710. Large selection of
parts from 1900 series to Milano. Efficient,
personal service. 510.525.9435.
(CA)
Auto Appraisal Group.
800.848.2886, Offices located nationwide.
Pre-purchase inspection service,
insurance matters, charitable donations,
resale vales, estates, expert witness
testimony. On-site inspection. Certified,
confidential, prompt, professional.
“Not just one man's opinion of value.”
See web site for locations and service
descriptions. www.autoappraisal.com.
California Dream Cars AppraisRM
Auctions, Inc.. 800.211.4371,
519.351.1337. Our team of highly qualified
professionals with over 25 years of
experience will perform complete classic
car collection appraisals. Your collection
will be assessed by superior appraisers
who are exceptionally detailed
and want you to get the most value from
your collection. RM is the world's largest
vintage automobile house specializing
in vintage automobile restoration,
auctions and appraisals. www.rmauctions.com.
(CAN)
Russo and Steele Collector AuCarlisle
Collector Car Auctions.
717.243.7855, 1000 Bryn Mawr Road,
Carlisle, PA 17013. Spring and Fall
Auctions. High-line cars cross the
block. Hundreds of muscle cars, antique,
collector, and special-interest
cars, trucks, and motorcycles. Real
Cars. Real Prices. www.carlisleauctions.com.
(PA)
eBay Motors. List your car for sale
for only $40 and pay $40 more when
it sells. Visit the “Services” section on
www.ebaymotors.com for more details.
www.ebaymotors.com.
tomobile Auctions. 602.252.2697,
602.252.6260. Specializing in the finest
European sports, American muscle, hot
rods and custom automobiles; Russo
and Steele hosts two record breaking
ALL RESERVE auctions per year;
Monterey, CA every August and Scottsdale,
AZ every January. As one of the
premier auction events in the United
States, Russo and Steele has developed
a reputation for its superior customer
service and for having the most experienced
and informed experts in the
industry. (AZ) www.russoandsteele.
com. (AZ)
Santiago Collector Car Auctions.
405.475.5079, 501 E. Britton Rd.,
Oklahoma City, OK 73114. Rocky:
rockydb5@sbcglobal.net. (OK)
Legendary Motorcar Company.
Gooding & Company.
310.899.1960, 310.899.0930. Gooding
& Company offers its international clientele
the rarest examples of collector
vehicles at the most prestigious auction
venues. Our team of well qualified experts
will advise you on current market
values. Gooding & Company presents
the official auction of the famed Pebble
Beach Concours d'Elegance in August
and record-setting Scottsdale Auction
in January. www.goodingco.com. (CA)
H&H Classic Auctions. +44 8458
334455, +44 8458 334433. The Mo-
126
Silver Auctions. 800.255.4485,
2020 N. Monroe, Spokane, WA 99205.
silver@silverauctions.com. www.silverauctions.com.
(WA)
905.875.4700, North America's premier
muscle car center, specializing
in restoring and trading the finest and
rarest American muscle cars. We are
the home of Speed TV's “Dream Car
Garage.” We are a professional, discreet,
and fair buyer for your quality
American muscle. www.-legendarymotorcar.com.
Shelby American Automotobile
The Worldwide Group.
866.273.6394, Established by John
Kruse and Rod C. Egan, The Worldwide
Group— Auctioneers, Appraisers
Club. 860.364.0449, 860.364.0769. PO
Box 788, Sharon, CT 06069. Over 5,000
members, 50 regions throughout the
world. Dedicated to the care and preservation
of the cars that Carroll Shelby
produced. Two national conventions a
year, semi-annual magazine, bi-monthly
newsletter as well as a registry. (CT)
USAppraisal. 703.759.9100, Over
25 years experience with collector
automobiles, available nationwide.
David H. Kinney, ASA (Accredited
Senior Appraiser, American Society of
Appraisers). dhkinney@usappraisal.
com toll free: at 800.872.7772 www.
usappraisal.com. (VA)
Automobilia
Steve Austin's Automobilia &
Great Vacations. 800.452.8434, European
Car Collector tours including
Monaco & Goodwood Historics, pri-
Sports Car Market
Motoring Investments. 619-238-
1977, Award winning restorations,
brokerage, sales & locating. Vintage
German, Italian & British Mercedes
specialist - SL, Pagoda & other models
“Our website is a virtual buyer's guide
for the 280SL.” www.motoringinvestments.com.
American
als. 888.314.3366, Over 30 years
experience in Southern California appraising
classic, antique, special interest,
muscle and custom to current-year
models. Specializing in pre-purchase
inspections, stated value insurance appraisals,
insurance disputes, and expert
witness testimony. For more info, visit
our web site. www.caldreamcars.net..
(CA)
Appraisals
Gooding & Company.
Legendary Collector Cars.
615.848.0035, Legendary Collector
Cars provides you with photos, videos
and entertaining stories about the cars
that you used to drive in High School,
the show cars you dream about and the
Muscle Cars you lust over. We bring
you the cars you won't see any where
else. Rat Rods to Vintage Race Cars.
We also take you on tours of Car Museums,
Speed Shops, Race Tracks and
those Special Events all over the Country.
We even take you along as we drive
some back roads of America. http://
www.legendarycollectorcars.com.
310.899.1960, Gooding & Company's
experts are well qualified to appraise
automotive and collectible estates.
Whether it is the creation of a foundation,
living trust, or arrangement of a
charitable donation, we are able to help
you. www.goodingco.com. www.goodingco.com.
(CA)
RM Auctions, Inc.. 800.211.4371,
519.351.1337. Our team of highly qualified
professionals with over 25 years of
experience will perform complete classic
car collection appraisals. Your collection
will be assessed by superior appraisers
who are exceptionally detailed
and want you to get the most value from
your collection. RM is the world's largest
vintage automobile house specializing
in vintage automobile restoration,
auctions and appraisals. www.rmauctions.com.
(CAN)

Page 125

vate collections, and car manufacturers.
Automobile Art importer of legendary
artists Alfredo de la Maria and Nicholas
Watts. www.steveaustinsgreatvacations.com.
Buy/Sell/General
2shores International. 920-945-
0450, 920-945-0450. International
marketing services for collector cars.
New Showroom in the US! Take advantage
of our experience in the global
collector market. Based in Wisconsin,
working worldwide. Connecting buyers
and sellers of collectible automobiles
in a global marketplace since 1990. We
put our market knowledge to work for
you. Call Jurgen today! http://www.2shores-classics.com/kontakt_us.html.
(WI)
Specialty Car Source. Specialty-
CarSource.com is the premier source
for buying and selling classic and modern
specialty cars. List your car for 12
weeks for only $19.95. Dealers can list
an unlimited amount of inventory for
one low fee. Visit www.specialtycarsource.com
today. www.SpecialtyCarSource.com.
Grundy Worldwide. 800.338.4005,
The Bridgehampton Motoring
Brighton Motorsports.
480.483.4682, Brighton Motorsports,
Scottsdale Arizona is a unique dealership
specializing in Vintage European
and American Collector Cars with their
Sales/Showroom and Mechanical Repair
facility in the heart of Scottsdale's
legendary auction arena. They also
have a state of the art paint & body
shop specially equipped to do all levels
of repair and restoration just down the
road, creating a one stop shop for the
avid car enthusiast. www.brightonmotorsports.com.
(AZ)
Club. 631.537.5001, The Bridgehampton
Motoring Club is unlike any collector
car facility in the nation. We provide
24 hour key card access, humidity and
temperature control, comprehensive
video security, epoxy floors, tasteful
lighting, rare automobilia, and most
importantly services: Pick-up and delivery,
battery maintenance, bi-weekly
mechanical integrity routines, and
detailing. Every member of BMC has
unfettered access to their collection.
Finally, the perfect way to enjoy your
passion. www.bridgemc.com.
With 60 years of experience in servicing
and preserving the collector vehicle
hobby, Grundy provides “The Gold
Standard” of insurance, offering the
most options to you: Agreed Value,
No Model Year Limitation, Unlimited
Mileage, and coverage options for
Spare Parts, Trip Interruption, Towing
and Labor Costs, Inflation Guard, and
Auto Show Medical Reimbursement.
Fast, immediate quotes. www.grundy.
com. (PA)
Successfully brokering MercedesBenz,
Ferrari, Porsche, Jaguar, BMW,
Alfa Romeo. Guidance given with
emphasis on building long-term relationships.
Sales Manager Alex Finigan:
Alex@paulrussell.com www.paulrussell.com.
(MA)
with our two car enclosed transporter
and would like to help you move your
car. We have over 25 years experience
repairing classic cars and know how to
properly handle your classic car! www.
rpmvt.com.
Collector Car Insurance
Doc's Jags. 480.951.0777, 480.951.3339.
Restoration Center 623.869.8777. 23047 N.
15 Lane, Phoenix, AZ. 85027. The world's
BIGGEST and BEST Jaguar Web site. #1
in Jaguars WORLDWIDE. Largest inventory
of all models. Ask for “DOC.” Email
doc@docsjags.com www.docsjags.com.
(AZ)
Kevin Kay Restorations.
530.241.8337, 1530 Charles Drive, Redding,
CA 96003. Aston Martin parts,
service, repair, and restoration. From an
oil change to a concours-winning restoration,
we do it all. Modern upgrades
for power steering, window motors,
fuel systems, and more. Feltham Fast
performance parts in stock. We also
cater to all British and European cars
and motorcycles. www.kevinkayrestorations.net.
(CA)
Heacock Classic. 800.678.5173, We
understand the passion and needs of
the classic car owner; agreed value, one
liability charge, 24-hour claim service
and paying by credit card. We provide
classic car insurance at rates people can
afford! Instant quotes at www.heacockclassic.com.
www.heacockclassic.
com. (FL)
Motor Sport Personal Accident
Woodies USA. 480.694.7929, We
Classic Showcase. 760.758.6199,
760.758.0600. sales 760.758.6100.Fullservice
restorations. Creating show
winners in a world-classic restoration
facility. Specializing in European
classics. Superb fit; attention to detail;
great craftsmanship. “Where great cars
achieve perfection.” Located in San
Diego County. sales@classicshowcase.
com www.classicshowcase.com. (CA)
Legendary Motorcar Company.
905.875.4700, North America's premier
muscle car center, specialized
in restoring and trading the finest and
rarest American muscle. Our 55,000
sq. ft facility and 100 car showroom is
the ultimate car heaven and the home
of Speed TV's “Dream Car Garage.”
www.legendary-motorcar.com.
buy and sell great woodies - hundreds
to date. If you are buying or selling give
us a call. We can help. Woodies are fun!
Every car collection should have at least
one. Located in Scottsdale, Arizona.
www.woodiesusa.com. (AZ)
Classic Car Transport
Motor Auto Express, Inc..
360.661.1734, Enclosed Transport.
MAX cares for what you care for. We
offer Personal, Private, Professional
services with liftgate loading for your
vehicles. Please contact Randy McKinley,
Owner. maxiet@gmail.com. (WA)
Coverage. 441.297.9439, 441.296.2543.
Email, mcooke@evolution.bm. Limits
up to $1,000,000 including accident
medical and helicopter evacuation.
Comp Capital Ltd. can obtain coverage
at competive rates including drivers
over the age of 65. Either 12 month
policy covering a whole season and or
for specific events. Please contact Mark
Cooke and or Kevin Way.
English
AC Owner's Club Limited.
503.643.3225, 503.646.4009. US Registrar:
Jim Feldman, 11955 SW Faircrest
St., Portland, OR 97225-4615. The
world's largest organization of AC owners
and enthusiasts. AC ownership not
required. Monthly magazine. (OR)
Motoring Investments. 619-238-
1977, Award winning restorations,
brokerage, sales & locating. Vintage
German, Italian & British Mercedes
specialist - SL, Pagoda & other models
“Our website is a virtual buyer's guide
for the 280SL.” www.motoringinvestments.com.
Ferrari/Maserati/Lamborghini
Carobu Engineering. 949.722.9307,
Ferrari specialist. Engine rebuilding/
development, dyno-testing, parts and
service. Your source for high performance
brakes, suspension, gaskets, engine
parts, wheels and exhaust. Dealer
for Tubi, Brembo, Koni, Razzo Rosso,
Sangalli, Zanzi, Novitech Rosso and
X-Ost. WWW.CAROBU.COM www.
carobu.com.
Motoring Investments. 619-238Aston
Martin of New England.
Paul Russell and Company.
978.768.6092, 978.768.3525. Since
1978, offering restoration and sales of
classic European sports and touring
models from pre-war through 1960s.
August 2009
RPM Classic Sports Car.
802.877.2645, Having trouble getting
your Classic Car transported to rural
areas in the Northeast United States?
We travel throughout New England, the
New York Metro area and Pennsylvania
781.547.5959, 85 Linden Street,
Waltham, MA 02452. Proudly appointed
Aston Martin Heritage Dealer
for the USA. New and pre-owned Aston
Martins are our specialty. Please contact
us when buying, selling or restoring.
www.astonmartin-lotus.com. (MA)
1977, Award winning restorations,
brokerage, sales & locating. Vintage
German, Italian & British Mercedes
specialist - SL, Pagoda & other models
“Our website is a virtual buyer's guide
for the 280SL.” www.motoringinvestments.com.
Randy Simon. 310.274.7440,
310.274.9809. I constantly collect and
sell all Ferraris, Maseratis, and Lamborghinis.
If I don't have what you seek,
I can usually find it for you (at low
prices). Please call anytime for straight
127

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129

Page 128

Carl Bomstead
eWatch
Plugged In
Two Indy badge bargains, a $336 traffic light finder, and a Red Indian Motor
Oil sign vendor whoops it up at $6,099
Thought
Carl's Buddy Greco has been one of my favorite entertainers for years, and his hit “The Lady is a
Tramp” has long been on my iPod. He ran with the Rat Pack in the '60s and currently has a
supper club in the Palm Springs area. He recently offered a set of six photographs on eBay that were taken
at Frank Sinatra's Cal Neva Lodge in Lake Tahoe a week before Marilyn Monroe's death. They were said
to be the last photos taken of her and also included shots of Peter Lawford, Dean Martin, Rhonda Fleming,
Greco, Joe DiMaggio and Sam Giancana.
The six were offered with a starting bid of $7,500 and so far so good. But wait, that auction was
canceled and restarted with an opening bid of $20,000. A third auction was also started with a Buy-It-Now
price of $75,000 with all bids considered. Well, they must have had second thoughts, as the price was then
reduced to $65,000 with one rejected offer. Confused? I am, and so, apparently, were the bidders, as I don't
believe the photos have sold—at any of the various prices put forward.
But here are a few items that are a bit more straightforward:
EBAY #160332127258—N.O.S.
EBAY #270386019957—
ONE QUART PACKARD
SPECIAL MOTOR OIL.
Number of Bids: 13. SOLD AT:
$394.50. Date Sold: 5/17/2009.
These Packard oil cans date to
the early '50s, and a similar version
that included the Studebaker
name was offered after Packard
bought the company. The bidding
went up by $250 or so in the
last few seconds as two guys had
to have the can. I'd say the seller
made out on this one.
EBAY #380123685964—
INDIANAPOLIS 500 1954
AAA DRIVERS PIN. Number
of Bids: 14. SOLD
AT: $147.50. Date
Sold: 5/21/2009. This
10k gold pin with
AAA in blue enamel
identified the wearer as a driver in
the 1954 Indy 500 and most likely
allowed access to the pit area. A
cool piece of Indy memorabilia
for not much money. I'd call this
a bargain.
FULTON #36 TRAFFIC LIGHT
FINDER. Number of Bids: 28. SOLD
AT: $335. Date Sold: 5/10/2009. These
little plastic gizmos attached to your
windshield and reflected up so you could
see the traffic light without craning your
neck. Cool accessory for your '50s car or,
considering the excellent condition of the
packaging, a great item for a display case. Either way it attracted a lot
of attention and was fully priced.
EBAY #130304683762—1900'S MACO
MACDONALD AFLCO DUAL PRIME
SPARK PLUG. Number of Bids: 9. SOLD AT:
$712. Date Sold: 5/12/2009. Over the years,
thousands of different types of spark plugs
have been offered. The mundane you can buy
at Hershey by the pound, but the unique can be
pricey, as spark plug collectors are a rabid bunch.
They even have their own club—the Spark
Plug Collectors of America. This one was most
unusual in that it had two priming cups, thus the aggressive price.
EBAY 380123450998—1935
INDIANAPOLIS 500 OFFICIAL PROGRAM.
Number of Bids: 16. SOLD AT: $125.49. Date
Sold: 5/20/2009. This 80-page program was in
decent condition and contained articles on drivers
Wilbur Shaw and Babe Stapp, among others. It
included all kinds of other Indy 500 information,
as well as some early cool ads for Packard,
Hudson, and Auburn. Collecting the entire set of
programs is a formidable task, but the swapmeet
that takes place at Indy the day before the race always offers a bunch.
SUBSCRIPTION INFORMATION
Sports Car Market (ISSN #1527859X) is published monthly by Automotive Investor Media Group, 401 NE 19th Street, Suite 100, Portland, OR 97232. Periodicals postage
paid at Portland, OR, and at additional mailing offices.
Subscription rates are $58 for 12 monthly issues in the US, $78 Canada/Mexico, Europe $88, Asia/Africa/Middle East $98. Subscriptions are payable in advance in US currency.
Make checks to: Sports Car Market. Visa/MC accepted. For instant subscription, call 24-hours 800.289.2819, 503.261.0555; fax 503.253.2234; www.sportscarmarket.com.
130
EBAY #130305725610—
RED INDIAN MOTOR
OILS PORCELAIN SIGN.
Number of Bids: 33. SOLD AT:
$6,099.99. Date Sold: 5/17/2009.
Red Indian was the brand name
for the Canadian Company
McColl-Frontenac. The sign
measured 24″ x 17″ and was in
fantastic condition. Seller stated
it was covered with tar when he
found it, so he was well rewarded
for his cleaning efforts. This
sign had it all—condition, great
graphics, and strong colors. The
seller rang the bell on this one,
but it was still a fair price.
EBAY #190305196088—
CITIES SERVICES OILS
NAME BADGE. Number of
Bids: 12. SOLD AT: $273.50.
Date Sold: 5/10/2009. Back
when service actually existed
at service stations, the station
attendants who cleaned your
windows, checked your tires and
pumped gas wore these name
badges. They are very collectible
but have come off their high of
a few years back when a few
unique ones sold in the $6,000
range. This badge is not as
elaborate as some and sold for
the going rate.
POSTMASTER
Send address changes to:
Sports Car Market
PO Box 4797, Portland, OR 97208
CPC IPM Sales Agreement No. 1296205
Sports Car Market